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Date: 7 February 1948
| Rank | Name | Nation | Total |
| 1 | Petter Hugsted | NOR | 228.1 |
| 2 | Birger Ruud | NOR | 226.6 |
| 3 | Thorleif Schjelderup | NOR | 225.1 |
| 4 | Matti Pietikäinen | FIN | 224.6 |
| 5 | Gordy Wren | USA | 222.8 |
| 6 | Leo Laakso | FIN | 221.7 |
| 7 | Asbjørn Ruud | NOR | 220.2 |
| 8 | Aatto Pietikäinen | FIN | 215.4 |
| 9 | Fritz Tschannen | SUI | 214.8 |
| 10 | Hans Zurbriggen | SUI | 214.0 |
| 11 | Evert Karlsson | SWE | 212.2 |
| 12 | Sverre Fredheim | USA | 210.1 |
| 13 | Willi Klopfenstein | SUI | 209.3 |
| 14 | Vilhelm Hellman | SWE | 208.1 |
| 15 | Paul Perrault | USA | 207.0 |
| 16 | Miloslav Bělonožník | TCH | 203.9 |
| 17 | Andreas Däscher | SUI | 203.8 |
| 18 | Bruno Da Col | ITA | 201.2 |
| 19 | Hubert Hammerschmied | AUT | 199.8 |
| 20 | Zdeněk Remsa | TCH | 198.6 |
| 21 | Jaroslav Lukeš | TCH | 198.5 |
| 22 | Arsène Lucchini | FRA | 198.0 |
| 23 | Karel Klančnik | YUG | 197.2 |
| 24 | Gregor Höll | AUT | 195.8 |
| 25 | James Couttet | FRA | 194.3 |
| 26 | Régis Charlet | FRA | 193.7 |
| 27 | Stanisław Marusarz | POL | 192.8 |
| 28 | Anton Wieser | AUT | 192.1 |
| 29 | Josef Císař | TCH | 189.4 |
| 30 | Józef Daniel Krzeptowski | POL | 188.9 |
| 31 | Jean Monnier | FRA | 188.5 |
| 32 | Franc Pribošek | YUG | 187.4 |
| 33 | Jan Kula | POL | 184.5 |
| 34 | Ferenc Hemrik | HUN | 183.3 |
| 35 | Helmut Hadwiger | AUT | 181.4 |
| 36 | Jan Gąsienica Ciaptak | POL | 180.8 |
| 37 | Jónas Ásgeirsson | ISL | 179.8 |
| 38 | Aldo Trivella | ITA | 176.6 |
| 39 | Bill Irwin | CAN | 175.1 |
| 40 | Nils Lundh | SWE | 152.7 |
| 41 | Janez Polda | YUG | 145.2 |
| 42 | Walter Bietila | USA | 142.9 |
| 43 | Janko Mežik | YUG | 136.9 |
| 44 | Tom Mobraaten | CAN | 135.9 |
| 45 | Igino Rizzi | ITA | 131.7 |
| 46 | Laurent Bernier | CAN | 129.3 |
| Did not finish 1st jump | |||
| Erkki Rajala | FIN | ||
| Erik Lindström | SWE | ||
| Pál Ványa | HUN | ||