StockIQ Legends — Time Machine

What would Thorstein Veblen have said about NVDA, each year for the last 10 years?

Real point-in-time data only: the price NVDA actually traded at that year (split-adjusted back to its true as-traded value), the fundamentals that were actually publicly filed with the SEC by that date, and technical indicators computed only from price bars up to that date — never a later, not-yet-known figure, never a guess.

Is growth translating to real profit, or is it empire-building?

2016

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 43.3% / 13.3%
Operating margin: 12.0% -> 16.2%
ROE: 14.3%

data completeness 70%

2017

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -2.7% / 7.0%
Operating margin: 16.2% -> 14.9%
ROE: 13.7%

data completeness 70%

2018

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 171.3% / 37.9%
Operating margin: 14.9% -> 28.0%
ROE: 28.9%

data completeness 70%

2019

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 82.9% / 40.6%
Operating margin: 28.0% -> 33.0%
ROE: 40.8%

data completeness 70%

2020

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 35.9% / 20.6%
Operating margin: 33.0% -> 32.5%
ROE: 44.3%

data completeness 70%

2021

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -32.5% / -6.8%
Operating margin: 32.5% -> 26.1%
ROE: 22.9%

data completeness 70%

2022

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 54.9% / 52.7%
Operating margin: 26.1% -> 27.2%
ROE: 25.6%

data completeness 70%

2023

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 125.1% / 61.4%
Operating margin: 27.2% -> 37.3%
ROE: 36.6%

data completeness 70%

2024

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -55.2% / 0.2%
Operating margin: 37.3% -> 15.7%
ROE: 19.8%

data completeness 70%

2025

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 581.3% / 125.9%
Operating margin: 15.7% -> 54.1%
ROE: 69.2%

data completeness 70%

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⚠️ Important

This is a simulation of documented, published investment principles applied to real historical data as it actually stood on each date — not a forecast, not a claim that these investors would actually have bought or sold, and not investment advice. Some methodologies (Mackay, Marks-Cycle, Marks, Loeb, Veblen, Smith, Housel) show a lower data-completeness ceiling than the live site's current-data version, because a real point-in-time source doesn't exist yet for one or two of their factors (historical news sentiment, insider transactions, dividend records, a point-in-time DCF, or a point-in-time beta) — that's an honest, disclosed gap, never padded or guessed.

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What would Thorstein Veblen have said about NVDA, each year for the last 10 years?

Is growth translating to real profit, or is it empire-building?

2016

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 43.3% / 13.3%
Operating margin: 12.0% -> 16.2%
ROE: 14.3%

data completeness 70%

2017

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -2.7% / 7.0%
Operating margin: 16.2% -> 14.9%
ROE: 13.7%

data completeness 70%

2018

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 171.3% / 37.9%
Operating margin: 14.9% -> 28.0%
ROE: 28.9%

data completeness 70%

2019

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 82.9% / 40.6%
Operating margin: 28.0% -> 33.0%
ROE: 40.8%

data completeness 70%

2020

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 35.9% / 20.6%
Operating margin: 33.0% -> 32.5%
ROE: 44.3%

data completeness 70%

2021

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -32.5% / -6.8%
Operating margin: 32.5% -> 26.1%
ROE: 22.9%

data completeness 70%

2022

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 54.9% / 52.7%
Operating margin: 26.1% -> 27.2%
ROE: 25.6%

data completeness 70%

2023

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 125.1% / 61.4%
Operating margin: 27.2% -> 37.3%
ROE: 36.6%

data completeness 70%

2024

/ 100

Pattern Veblen would flag as growth for its own sake

Net income vs. revenue growth: -55.2% / 0.2%
Operating margin: 37.3% -> 15.7%
ROE: 19.8%

data completeness 70%

2025

/ 100

Growth appears aligned with real value creation

Net income vs. revenue growth: 581.3% / 125.9%
Operating margin: 15.7% -> 54.1%
ROE: 69.2%

data completeness 70%

🎯 Want to see a real portfolio, not just one score?

The Backtest engine ranks a whole universe, picks the top stocks, and checks the real return — not just one stock's score.

Try the Backtest →

⚠️ Important