The purpose of this investigation was to determine the agreement between multi-frequency bioelectrical impedance analysis (BIA) and dual-energy x-ray absorptiometry (DXA) for measuring body fat percentage (BF%), fat-free-mass (FFM), and total body and segmental lean soft tissue (LST) in collegiate female athletes. Forty-five female athletes (age = 21.2 ± 2.0 years, height = 166.1 ± 7.1 cm, weight = 62.6 ± 9.9 kg) participated in this study. Variables measured via BIA and DXA were as follows: BF%; FFM; and LST of the arms (ARMSLST), the legs (LEGSLST), the trunk (TRUNKLST), and the total body (TOTALLST). Compared to the DXA, the InBody 720 provided significantly lower values for BF% (-3.3%, p < 0.001) and significantly higher values for FFM (2.1 kg, p < 0.001) with limits of agreement (1.96 SD of the mean difference) of ± 5.6% for BF% and ± 3.7 kg for FFM. No significant differences (p < 0.008) existed between the two devices (InBody 720 - DXA) for ARMSLST (0.05 kg), TRUNKLST (0.14 kg), LEGSLST (-0.4 kg), and TOTALLST (-0.21 kg). The limits of agreement were ± 0.79 kg for ARMSLST, ± 2.62 kg for LEGSLST, ± 3.18 kg for TRUNKLST, and ± 4.23 kg for TOTALLST. This study found discrepancies in BF% and FFM between the two devices. However, the InBody 720 and DXA appeared to provide excellent agreement for measuring total body and segmental LST. Therefore, the InBody 720 may be a rapid non-invasive method to assess LST in female athletes when DXA is not available.