Soil moisture (SM) plays a vital role in pan-tropical water and energy cycles, meteorology, climate regulation, and agricultural applications. The Cyclone Global Navigation Satellite System (CYGNSS) offers unique potential for high-temporal-resolution SM monitoring through delay Doppler map (DDM) observables. The DDM captures both coherent and incoherent scattering power, reflecting complex surface characteristics influenced by land surface SM. However, the choice of both retrieval methodology and DDM-based reflectivity significantly influences retrieval accuracy. This study conducts a comprehensive pan-tropical evaluation of SM retrieval using surface reflectivity (SR) estimates derived from signal-to-noise ratio (SNR), power analog, and bistatic radar cross section (BRCS), within three distinct modeling frameworks: (i) pan-tropical unified reflectivity–vegetation–roughness (RVR) model with a single set of parameters applied across all grids integrating reflectivity, vegetation optical depth (VOD), and roughness coefficient (RC), (ii) pixel-by-pixel model using only SR, and (iii) pixel-by-pixel multi-parameter reflectivity-vegetation-temperature (RVT) model integrating SR, VOD, and land surface temperature. The CYGNSS L1 Version 3.2 data of the years 2020 and 2021 are used for calibration and validation, respectively. The results consistently show that the pixel-by-pixel RVT model achieves the highest overall accuracy, with Γ
σ
yielding a RMSE of 0.0441 m 3 m −3 , substantially better than the pixel-by-pixel R-only model (RMSE ≈ 0.0561–0.0600 m 3 m −3 ) and the unified-grid RVR model (RMSE ≈ 0.0780–0.1157 m 3 m −3 ). Moreover, BRCS-derived reflectivity (Γ
σ
) outperforms both power analog (Γ peak ) and SNR (Γ snr ) across all modeling strategies, confirming its superior sensitivity to SM. These findings underscore three key principles for advancing CYGNSS-based SM retrieval: (i) the necessity of spatially adaptive, grid-specific calibration to account for land surface heterogeneity, (ii) the advantage of using physically robust reflectivity estimate BRCS, and (iii) land cover types, RC, and VOD significantly affect retrieval accuracy. The results provide actionable guidance for the design of next-generation operational CYGNSS SM algorithms and products.