@@ -20,25 +20,82 @@ General-purpose benchmarks don't measure this. A model can excel at broad reason
2020
2121## Leaderboard
2222
23- Results on the operations pack (11 tasks, 5 runs per task). Full 26-task results in progress.
24-
25- | Rank | Model | Composite | Grounding | Insight | Evidence | Calibration | Consistency |
26- | ------| -------| :---------:| :---------:| :-------:| :--------:| :-----------:| :-----------:|
27- | 1 | ` openai/gpt-5.5@high ` | ** 68.3%** | 98.0% | 35.2% | 85.8% | 19.6% | 64.5% |
28- | 2 | ` openai/gpt-5.5@medium ` | ** 64.4%** | 87.5% | 41.7% | 75.3% | 18.0% | 66.6% |
29- | 3 | ` openai/gpt-5.5@low ` | ** 52.4%** | 62.4% | 35.7% | 59.3% | 23.2% | 64.2% |
30- | 4 | ` anthropic/claude-opus-4.8 ` | ** 41.9%** | 45.5% | 30.1% | 31.2% | 27.3% | 75.5% |
31- | 5 | ` anthropic/claude-haiku-4.5 ` | ** 37.9%** | 47.9% | 22.0% | 20.6% | 20.5% | 70.7% |
32- | 6 | ` anthropic/claude-sonnet-4.6 ` | ** 37.5%** | 43.3% | 27.8% | 23.9% | 17.5% | 74.5% |
33- | 7 | ` openai/gpt-oss-120b ` | ** 25.2%** | 22.2% | 7.7% | 18.7% | 25.6% | 74.2% |
34- | 8 | ` google/gemini-3.1-pro-preview ` | ** 23.9%** | 23.9% | 7.9% | 17.6% | 27.4% | 60.3% |
35- | 9 | ` nvidia/nemotron-3-ultra-550b-a55b ` | ** 21.7%** | 22.4% | 5.4% | 19.6% | 13.4% | 70.6% |
36- | 10 | ` google/gemini-3.5-flash ` | ** 17.1%** | 11.1% | 6.2% | 8.9% | 27.8% | 60.3% |
37-
38- > Composite = 35% Grounding + 20% Insight + 15% Evidence + 15% Calibration + 10% Consistency + 5% Structure.
39- > Scores are computed on ground-truth-validated synthetic data. See [ docs/methodology.md] ( docs/methodology.md ) for caveats on partial runs and cross-family judging.
40-
41- ** Key finding:** The hardest dimensions across every model are calibration (acknowledging data limitations and avoiding unsupported causal claims) and insight quality (interpreting signals rather than reciting numbers). Grounding accuracy varies most widely — the gap between GPT-5.5@high (98%) and Gemini 3.5 Flash (11%) on the same tasks reflects a real difference in whether models correctly read numbers from structured CSVs.
23+ Official run, June 10–12 2026. Three packs: ** operations** (11 tasks × 5 runs),
24+ ** outcomes** (5 tasks × 1 run), ** equity research** (10 tasks × 1 run). All rows
25+ ran with a 65,536-token completion budget so reasoning never crowds out the
26+ answer; judging is cross-family (no judge scores its own model family). Full
27+ caveats in [ docs/methodology.md] ( docs/methodology.md ) ; run notes in
28+ [ RUN_FINDINGS.md] ( RUN_FINDINGS.md ) .
29+
30+ ### Operations (program-data analysis, 5 repetitions)
31+
32+ | Rank | Model | Composite | Grounding | Insight | Evidence | Calibration | Consistency | Coverage |
33+ | ------| -------| :---------:| :---------:| :-------:| :--------:| :-----------:| :-----------:| :--------:|
34+ | 1 | ` openai/gpt-5.5@xhigh ` | ** 66.9%** | 91.1% | 45.0% | 77.5% | 22.4% | 63.0% | full |
35+ | 2 | ` openai/gpt-5.5@high ` | ** 65.4%** | 87.7% | 46.3% | 76.9% | 18.5% | 62.9% | full |
36+ | 3 | ` openai/gpt-5.5@medium ` | ** 64.9%** | 88.6% | 44.2% | 73.4% | 17.8% | 66.2% | full |
37+ | 4 | ` google/gemini-3.1-pro-preview ` | ** 63.5%** | 79.2% | 45.0% | 76.9% | 31.2% | 61.3% | 8/11 [ 1] |
38+ | 5 | ` google/gemini-3.5-flash ` | ** 61.0%** | 79.5% | 44.7% | 69.4% | 23.6% | 61.2% | 10/11 [ 1] |
39+ | 6 | ` openai/gpt-5.5@low ` | ** 52.4%** | 62.4% | 35.7% | 59.3% | 23.2% | 64.2% | full |
40+ | 7 | ` anthropic/claude-opus-4.8 ` | ** 41.9%** | 45.5% | 30.1% | 31.2% | 27.3% | 75.5% | full |
41+ | 8 | ` anthropic/claude-sonnet-4.6 ` | ** 38.3%** | 42.6% | 29.2% | 27.7% | 18.3% | 76.7% | full |
42+ | 9 | ` anthropic/claude-haiku-4.5 ` | ** 37.9%** | 47.9% | 22.0% | 20.6% | 20.5% | 70.7% | full |
43+ | 10 | ` openai/gpt-oss-120b ` | ** 25.2%** | 22.2% | 7.7% | 18.7% | 25.6% | 74.2% | 3/11 DNF [ 2] |
44+ | 11 | ` nvidia/nemotron-3-ultra-550b-a55b ` | ** 25.1%** | 30.2% | 7.3% | 26.9% | 8.3% | 67.6% | full |
45+
46+ > [ 1] Remaining tasks in flight at publication; composite covers listed tasks only.
47+ > [ 2] ` gpt-oss-120b ` 's 131k context cannot fit the ~ 190k-token data payloads on 8 of 11 tasks — reported as a finding, not ranked competitively.
48+
49+ ### Outcomes (trend analysis, single run)
50+
51+ | Rank | Model | Composite | Grounding | Calibration | Model Cost |
52+ | ------| -------| :---------:| :---------:| :-----------:| :----------:|
53+ | 1 | ` openai/gpt-5.5@low ` | ** 90.1%** | 100.0% | 59.3% | $0.17 |
54+ | 2 | ` openai/gpt-5.5@medium ` | ** 90.0%** | 100.0% | 55.7% | $0.21 |
55+ | 3 | ` nvidia/nemotron-3-ultra-550b-a55b ` | ** 88.3%** | 100.0% | 45.8% | $0.04 |
56+ | 4 | ` openai/gpt-5.5@xhigh ` | ** 86.9%** | 100.0% | 45.0% | $0.67 |
57+ | 5 | ` openai/gpt-5.5@high ` | ** 86.6%** | 100.0% | 39.2% | $0.51 |
58+ | 6 | ` anthropic/claude-opus-4.8 ` | ** 86.2%** | 100.0% | 46.0% | $0.30 |
59+ | 7 | ` openai/gpt-oss-120b ` | ** 84.0%** | 100.0% | 39.9% | $0.00 |
60+ | 8 | ` anthropic/claude-sonnet-4.6 ` | ** 83.0%** | 100.0% | 43.6% | $0.14 |
61+ | 9 | ` google/gemini-3.5-flash ` | ** 81.2%** | 100.0% | 29.9% | $0.17 |
62+ | 10 | ` google/gemini-3.1-pro-preview ` | ** 80.5%** | 100.0% | 46.1% | $0.17 |
63+ | 11 | ` anthropic/claude-haiku-4.5 ` | ** 76.7%** | 90.0% | 43.8% | $0.05 |
64+
65+ ### Equity research (subgroup & research reasoning, single run)
66+
67+ | Rank | Model | Composite | Grounding | Calibration | Model Cost |
68+ | ------| -------| :---------:| :---------:| :-----------:| :----------:|
69+ | 1 | ` openai/gpt-5.5@medium ` | ** 83.0%** | 79.8% | 58.9% | $1.10 |
70+ | 2 | ` openai/gpt-5.5@xhigh ` | ** 82.8%** | 81.5% | 53.1% | $2.45 |
71+ | 3 | ` nvidia/nemotron-3-ultra-550b-a55b ` | ** 81.8%** | 78.5% | 52.8% | $0.10 |
72+ | 4 | ` openai/gpt-5.5@high ` | ** 81.1%** | 77.7% | 52.8% | $1.97 |
73+ | 5 | ` openai/gpt-5.5@low ` | ** 80.6%** | 76.0% | 58.3% | $0.64 |
74+ | 6 | ` anthropic/claude-opus-4.8 ` | ** 75.4%** | 69.8% | 49.7% | $0.95 |
75+ | 7 | ` google/gemini-3.1-pro-preview ` | ** 73.8%** | 67.8% | 48.3% | $0.59 |
76+ | 8 | ` google/gemini-3.5-flash ` | ** 73.0%** | 67.8% | 39.2% | $0.53 |
77+ | 9 | ` openai/gpt-oss-120b ` | ** 70.0%** | 62.3% | 32.8% | $0.01 |
78+ | 10 | ` anthropic/claude-sonnet-4.6 ` | ** 68.7%** | 55.8% | 42.8% | $0.47 |
79+ | 11 | ` anthropic/claude-haiku-4.5 ` | ** 66.9%** | 66.0% | 35.8% | $0.17 |
80+
81+ > Composite = 35% Grounding + 20% Insight + 15% Evidence + 15% Calibration + 10% Consistency + 5% Structure (consistency excluded and weights renormalized on single-run packs).
82+
83+ ** Key findings.** (1) * Reasoning effort pays only where tasks are hard:* GPT-5.5's
84+ effort curve rises steeply from low→medium on heavy data analysis
85+ (52%→65%) then saturates, and ** inverts** on light trend summaries (low beats
86+ xhigh). (2) * Scores are envelope-relative:* under a 4k token budget the
87+ default-thinking models (Gemini, Nemotron) score near the floor because
88+ reasoning consumes the budget before any answer appears — the same models are
89+ mid-pack or better at 64k. Nemotron still exhausts even 64k on the largest
90+ tasks (it reasons by exhaustive enumeration), so its operations score reflects
91+ budget economics, not analytical ability — it places top-three on both smaller
92+ packs. (3) * Accuracy and stability trade off:* GPT-5.5 leads grounding accuracy
93+ while Claude models lead run-to-run consistency; Claude Haiku 4.5 delivers
94+ ~ 90% of Opus's operations composite at ~ 18% of its cost. (4) * Calibration is
95+ universally weak* (18–31%): no model reliably acknowledges data limitations
96+ without prompting — the clearest open problem this benchmark surfaces.
97+
98+ ---
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