CapsimCore Wrapped
Real cohort data · Summer 2026

Same Starting Conditions.
Different Outcomes.

Ten teams entered with identical resources, information, and market conditions. Five rounds later, their financial results looked dramatically different. The difference was in the decisions they made along the way.

$3.15B
Cumulative Revenue
$778M
Industry Size
22.5M
Units Sold (Final Round)
3,005
Employees
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One Starting Point.
Ten Different Paths.

Same resources. Same market. Same five rounds. Everything that separated these teams, they decided.
— The Data
Press play on five years of decisions.
Stock price trajectories for all 10 teams across 5 rounds of simulationStock Price$0$10$20$30$40$50$60R0R1R2R3R4R5HAR $51.51CHE $50.69JAS $39.20AND $31.74IRV $29.51BAL $26.58ERI $25.74FER $21.13DIG $15.15GAR $5.31
Andrews
Baldwin
Chester
Digby
Erie
Ferris
Garrett
Harper
Irving
Jasper
From $11.16 to a 9.7:1 spread. Same market. Same starting capital. Different decisions.

Every Team Has
a Story

Not who won or lost — but the decisions that made each team's journey unique.

Harper
The Margin Champion
Harper won the run from the seventh-largest sales base in the field: $42.80M in cumulative profit — the most of any team — earned behind a 46.29% contribution margin, the field's sharpest. All five rounds were profitable, no emergency loan was ever taken, and the stock climbed from an early dip to the field's best closing stock price at $51.51, up 361.6% on the run. Heft anchored the economics with the richest product margin in the sim at 47.9%, though just over half of its final-round build went unsold. Small base, sharpest economics, biggest profit.
$42.80M
Cumulative Profit
$51.51
Final Stock
Chester
The Compounder
Chester's profit rose every single round, finishing at a $13.83M Round 5 — the biggest single-round profit any team posted. The stock matched it, climbing every round to a $50.69 close, second in the field. Cake did the heavy lifting: the sim's highest-volume product at 2.45M units sold and a 46.4% contribution margin — the rare product that won on volume and margin at once. No emergency loans, $39.88M cumulative profit, and the top of the star standings at 24 of 25 stars.
$39.88M
Cumulative Profit
$13.83M
Round 5 Profit (Biggest Single Round)
Andrews
The Clean Sweep
Andrews ran the field's tidiest ledger: profitable in all five rounds, a stock that rose every round to $31.74, zero emergency loans — and, at the close, zero unsold units anywhere in the line. Able sold 2.02M units clean across both tiers while Ace cleared its full High Tech run. Round 3 was the breakout, profit jumping to $8.12M as the stock leapt from $13.33 to $22.97. It added up to $31.01M cumulative profit, third in the field.
$31.01M
Cumulative Profit
5 of 5
Rounds Profitable
Jasper
The Finishing Kick
Jasper saved its move for the closing bell: a 71.8% Round 5 stock jump, from $22.82 to $39.20 — the third-highest close in the field — landing on its biggest profit round at $10.94M. The base underneath was steady all along: profitable in all five rounds, no emergency loans, and a three-product line spanning both tiers. Javier and Juice both sold every unit built, Jordan held a 39.8% contribution margin in High Tech, and the team closed with $27.47M cumulative profit, fourth in the field.
$39.20
Final Stock
$10.94M
Round 5 Profit
Digby
The Scale Bet
Digby built the biggest company in the field: $103.74M in final-round sales, the leading market share, and the Low Tech tier lead at 18.8%. It stayed profitable in every one of the five rounds while it built. The buildout was financed in sequence: in Round 3 the team added capacity, then took a $23.42M emergency loan in Round 4; in Round 4 it added more capacity, then borrowed $33.18M in Round 5 — both loans arriving in profitable rounds. The stock closed at $15.15 while the operating ledger never showed a losing round — $25.95M cumulative profit, fifth — leaving a real gap between the company Digby built and the stock's read on it.
$103.74M
Final Sales
13.3%
Market Share
Ferris
The Fast Start
Ferris owned the opening: an $8.79M Round 1 profit — the biggest first round any team posted — and the field's top stock through Rounds 1 and 2. The bet was all High Tech, and it held: a tier-leading 16.8% market share at the close, both products sold with zero inventory, all run by the smallest crew in the field at 76 employees. The middle bit back — Round 4 brought an operating loss and a $13.90M emergency loan, and the stock dropped before recovering to $21.13 by the close. Cumulative profit finished at $24.49M.
$8.79M
Round 1 Profit (Biggest Opening Round)
16.8%
High Tech Market Share
Erie
The Long Way Back
Erie covered the field's longest distance: from a $2.91 stock at the end of Round 1 — emergency loan on the books — to a $25.74 close, an 8.8× rise. The road back took one more dip in Round 3, but the team was profitable in four of the five rounds and saved its best for last at a $5.70M Round 5 profit. Edge was the blueprint: a 46.3% contribution margin, third-richest product in the sim, built at $4.49-a-unit labor — the lowest labor cost of any final-round product. The team finished the run second in High Tech share, in the tightest tier race on the board.
$25.74
Final Stock (8.8× off its R1 Low)
46.3%
Edge Margin
Baldwin
The Comeback Close
Baldwin's last round rewrote its run: a $12.99M Round 5 profit — the second-largest single round any team posted — with the stock finishing at $26.58, up from the $1.00 floor and above its pre-dip high, as the team closed with the field's best return on equity at 45.5%. The middle had been the hard part: Bold launched out of Round 2's decisions, Round 3 brought an operating loss and an emergency loan, and the stock spent two rounds at the floor. Bold itself delivered — 2.15M units sold at a 42.3% contribution margin, the third-highest product volume in the sim.
45.5%
Return on Equity
$12.99M
Round 5 Profit
Irving
The Efficiency Engine
Irving closed the run as the field's only single-product company — and its most efficient: the best return on assets in the field at 34.0% and the second-best return on equity at 40.0%. Ignite earned it, selling 2.17M units — the second-highest product volume in the sim — with almost nothing left unsold. The start was rough, the stock bottoming at $4.43 in Round 2, but the finish ran hot: profit built to $8.93M in Round 5 as the stock more than doubled in the final round to $29.51, all without an emergency loan.
34.0%
Return on Assets
2.17M
Ignite Units Sold
Garrett
The Rebuild
Garrett closed the run selling clean — zero unsold units across its two-product High Tech line — and opened it with a five-star Round 1 and a $6.38M profit. The middle was the hard stretch: Goose launched out of Round 1's decisions, Round 2 brought an operating loss and an emergency loan, and the stock fell to the $1.00 floor by Round 3. The finish bent back upward — the loss narrowed every round after that, from $2.94M in Round 3 to within $34K of break-even in Round 5, while the stock turned upward to a $5.31 close. The ledger closed in the black at $2.66M cumulative profit.
$2.66M
Cumulative Profit
0
Unsold Units at the Close

Learning,
Made Visible.

The clearest evidence the program worked is in the pattern of the results, not in any single number. Three of the ten teams took a real financial setback along the way, corrected, and closed with their strongest round of the simulation. That recover-and-correct pattern is what learning in a safe environment looks like — measured in the numbers rather than asserted.

Collective cohort profit by round, Round 0 through Round 5$0M$25M$50M$75M$100MR0R1R2R3R4R5$80.2M

Cohort profit, all 10 teams combined, by round.

Three teams took a real loss, then closed with their strongest round.

Baldwin
Trough
−$7.88M

Round 3 net loss, its deepest of the run — forced a $26.19M emergency loan.

Strongest close
+$12.99M

Round 5 profit, with the field's best return on equity at 45.5%.

Irving
Trough
−$2.05M

Round 1 net loss, its deepest of the run — stock down to $5.31.

Strongest close
+$8.93M

Round 5 profit — its best round of the run.

Erie
Trough
−$1.24M

Round 3 net loss — stock down to $8.66.

Strongest close
+$5.70M

Round 5 profit — the strongest of its five rounds.

What Actually
Happened to the Money

Stock price reflects perception. Cumulative profit reflects reality.

Cumulative Profit
Stock
$0
Harper
$43M
$51.51
Chester
$40M
$50.69
Andrews
$31M
$31.74
Jasper
$27M
$39.20
Digby
$26M
$15.15
Ferris
$24M
$21.13
Erie
$15M
$25.74
Baldwin
$14M
$26.58
Irving
$13M
$29.51
Garrett
$3M
$5.31
Digby posted the #5 cumulative profit but the market ranked it #9 by stock — perception and reality parted ways.

Two Tiers.
Two Trajectories.

CapsimCore runs on two technology tiers. The teams didn't just compete — they built distinct competitive structures in each, growing at very different rates.

Low Tech

The Volume Base
13.5MUnits @ Final
+61%Growth
60.2%of Industry
Low Tech stayed the volume backbone at 60.2% of industry units, growing 61.0% over the run. Digby led the tier at 18.8% market share with Chester behind at 17.2% — and it was margin country too: the sim's two richest products, Harper's Heft (47.9%) and Chester's Cake (46.4%), both sold here. Erie, Ferris, and Garrett had all but left the tier by the close.
DIG
18.8%
CHE
17.2%
BAL
15.4%
IRV
13.9%
AND
12.2%
JAS
12.0%
HAR
10.3%
ERI
0.3%

High Tech

The Growth Frontier
9.0MUnits @ Final
+149%Growth
39.8%of Industry
High Tech was the growth frontier, expanding 148.8% in units — two and a half times its starting size. Ferris edged Erie for the tier lead, 16.8% to 16.7%, the tightest race on the board, with Andrews and Garrett next in the tier. Digby and Irving ran most of their volume through Low Tech — first and fourth in that tier.
FER
16.8%
ERI
16.7%
AND
13.4%
GAR
12.0%
BAL
11.0%
JAS
9.1%
CHE
7.1%
DIG
5.8%
HAR
4.9%
IRV
3.2%

Five Rounds.
Written in Stars.

CapsimCore scores every round in stars — earned by beating your own previous round. Here's how they added up.

Stars are earned round over round: one star for each measure a team improved on versus the previous round — sales, profit, contribution margin, and stock price — plus a fifth star for finishing the round without an emergency loan.

1
ChesterWINNER
★★★★★★★★★★★★★★★★★★★★★★★★
24/ 25
R1 4★R2 5★R3 5★R4 5★R5 5★
2
Andrews
★★★★★★★★★★★★★★★★★★★★★★★★★
22/ 25
R1 4★R2 5★R3 5★R4 3★R5 5★
3
Jasper
★★★★★★★★★★★★★★★★★★★★★★★★★
21/ 25
R1 5★R2 3★R3 3★R4 5★R5 5★
4
Harper
★★★★★★★★★★★★★★★★★★★★★★★★★
19/ 25
R1 2★R2 5★R3 5★R4 5★R5 2★
5
Irving
★★★★★★★★★★★★★★★★★★★★★★★★★
18/ 25
R1 2★R2 3★R3 3★R4 5★R5 5★
6
Baldwin
★★★★★★★★★★★★★★★★★★★★★★★★★
17/ 25
R1 5★R2 4★R3 0★R4 3★R5 5★
6
Ferris
★★★★★★★★★★★★★★★★★★★★★★★★★
17/ 25
R1 5★R2 3★R3 4★R4 1★R5 4★
6
Garrett
★★★★★★★★★★★★★★★★★★★★★★★★★
17/ 25
R1 5★R2 0★R3 3★R4 5★R5 4★
9
Digby
★★★★★★★★★★★★★★★★★★★★★★★★★
16/ 25
R1 3★R2 5★R3 4★R4 3★R5 1★
9
Erie
★★★★★★★★★★★★★★★★★★★★★★★★★
16/ 25
R1 1★R2 5★R3 1★R4 5★R5 4★
Up to 5 stars a round across five decision rounds — 25 possible.

The Records These
Teams Set

The records these teams set — and a few moments only the data noticed.

$103.74M
Largest by Sales
Digby built the field's biggest company — the only team to clear $100M in final-round sales — at a leading 13.3% market share
45.5%
Best Return on Equity
Baldwin ran the field's top ROE, closing with a Round 5 stock climb from the $1.00 floor to $26.58
34.0%
Best Return on Assets
Irving earned the field's top asset returns from a single product, Ignite, run at full stretch
16.8%
High Tech Share Leader
Ferris led the tier that grew 148.8% over the run — the fastest-expanding market in the sim
0 unsold
Sold Every Unit
Andrews, Ferris, and Garrett each closed the run with zero unsold inventory across their entire product lines
5 of 5
The Clean Run
Andrews strung five profitable rounds into a stock that rose every round — with zero emergency loans
$25.74
Stock Recovery
Erie climbed from a $2.91 Round 1 stock to $25.74 at the close — an 8.8× rise
+71.8%
Final-Round Leap
Jasper's stock jumped from $22.82 to $39.20 in Round 5, landing the field's third-highest close

Debates These Teams
Will Keep Having

The best simulations don't give answers — they surface questions worth wrestling with.

The biggest profit came from the seventh-largest company — is margin just worth more than mass?

Harper ran the seventh-largest sales base — $64.98M to Digby's $103.74M — and still banked the field's top cumulative profit, $42.80M, on a 46.29% contribution margin against Digby's 32.3%. Digby's capacity is bought and built; Harper's margin is already banked. Over five rounds, margin won. Would ten rounds have paid off Digby's scale — or just widened Harper's lead?

High Tech grew 148.8% — so why did the profit leaders stay anchored in Low Tech?

The growth tier expanded to two and a half times its start while Low Tech grew 61.0% — yet the sim's two richest products, Heft (47.9%) and Cake (46.4%), both lived in Low Tech, and the three teams that ran all-High Tech lines finished sixth, seventh, and tenth on cumulative profit. Erie's Edge proved the tier could pay a 46.3% margin. Was High Tech's growth capturable in five rounds, or was the mature tier's margin the smarter buy?

Six teams saved their best round for last — momentum, or the horizon arriving on time?

Six of the ten teams posted their biggest profit of the run in Round 5, and the final round redrew the board: Baldwin's stock went from the $1.00 floor to $26.58, Irving's more than doubled to $29.51, Jasper's jumped 71.8%. If those closing results are compounding decisions finally paying out, the standings understate what a longer run would show. Is a five-round score a verdict on the strategies — or a snapshot of trajectories still diverging?