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A · open · Mistral

Mistral Small 3.2

Mistral

B · open · Mistral

Mistral Small 4

Mistral

1:10

overall capability wins (0 ties across 11 scored). Mistral Small 4 leads overall.

  • Reasoning0:6
  • Coding0:2
  • Tool use1:0
  • Composite indices0:2
  • Pricing3:0
  • Specs0:2

Verdict

Mistral Small 4 leads coding (widest gap: +15.4 on TermBench); Mistral Small 4 offers ~2.0x larger context (256K vs 128K); Mistral Small 4 allows ~2.0x more max output (64K vs 33K).

  • Mistral Small 4 leads coding (widest gap: +15.4 on TermBench)
  • Mistral Small 4 offers ~2.0x larger context (256K vs 128K)
  • Mistral Small 4 allows ~2.0x more max output (64K vs 33K)
  • Mistral Small 3.2 is ~1.7x cheaper on a blended token basis than Mistral Small 4

Cost for 1M in + 250K out

Illustrative chat workload at primary-provider list prices.

Mistral Small 3.2
$0.17
Mistral Small 4
$0.30

Mistral Small 3.2 is about 1.7x cheaper on this workload.

Price per 1M tokens

Full comparison

Organization

Mistral

Mistral

Family

Mistral

Mistral

License

Apache 2.0

Apache 2.0

Open weights

Yes

Yes

Release

Jun 20, 2025

Mar 1, 2026

Knowledge cutoff

-

-

API / provider

Mistral

Mistral

Modalities

text, image → text

text, image → text

Specs

Context window

128K

256K

B +128K

Max output

33K

64K

B +31K

Parameters

24B

—

—

Pricing

Input $/1M

$0.10

$0.15

A +$0.05

Output $/1M

$0.30

$0.60

A +$0.30

Blended $/1M (3∶1)

$0.15

$0.26

A +$0.11

Speed

tok/s

140

140

tie

TTFT (s)

0.2

0.2

tie

Reasoning

MMLU-Pro

69.1

—

—

GPQA Diamond

50.5

76.9

B +26.4 pts

Humanity's Last Exam

4.3

9.9

B +5.6 pts

AIME 2025

27.0

—

—

MATH-500

88.3

—

—

Humanity's Last Exam (with tools)

—

—

—

AA-Omniscience Accuracy

14.8

21.7

B +6.9 pts

AA-LCR v1.1

20.3

49.7

B +29.4 pts

CritPt

—

0.3

—

MMMU-Pro

48.0

56.8

B +8.8 pts

IFBench

33.5

48.2

B +14.7 pts

Chartography

—

—

—

Chartography (With Tools)

—

—

—

Coding

SWE-bench Verified

—

—

—

SWE-bench Pro

—

—

—

SWE-bench Multilingual

—

—

—

LiveCodeBench

27.5

—

—

Terminal-Bench 2.1

5.6

21.0

B +15.4 pts

Aider Polyglot

—

—

—

Terminal-Bench 3

—

—

—

BigCodeBench

—

—

—

SciCode

28.6

38.8

B +10.2 pts

CursorBench

—

—

—

SWE-Rebench

—

—

—

NL2Repo-Bench

—

—

—

DeepSWE

—

—

—

WebDev Arena

—

—

—

Terminal-Bench 4.0

—

—

—

CursorBench 4.0

—

—

—

FrontierCode v1.1 (Main)

—

—

—

Arena

LMArena Elo

—

—

—

Mistral Small 3.2

Context
128K / 33K out
Parameters
24B
Price
$0.10 / $0.30
Speed
140 tok/s · 0.2s TTFT
Modalities
text, image → text
License
Apache 2.0

Compact open Mistral instruct model for edge and low-cost API use.

Mistral Small 4

Context
256K / 64K out
Parameters
—
Price
$0.15 / $0.60
Speed
140 tok/s · 0.2s TTFT
Modalities
text, image → text
License
Apache 2.0

Hybrid instruct/reasoning/coding Small model under Apache 2.0 - Mistral's high-throughput production default.

Benchmark charts

Winner bars are emphasized. Per-benchmark deltas sit above each chart.

Reasoning & knowledge

GPQA: B +26.4HLE: B +5.6AA-LCR: B +29.4Omniscience Acc.: B +6.9MMMU-Pro: B +8.8IFBench: B +14.7

Coding

TermBench: B +15.4SciCode: B +10.2

Tool use & function calling

τ³-Banking: A +1.3

Composite indices

AA Index: B +4.5AA Index v4.3: B +4.5

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