Mistral: Models Intelligence, Performance & Price

Mistral
Mistral

Analysis of Mistral's models across key metrics including quality, price, output speed, latency, context window & more. This analysis is intended to support you in choosing the best model provided by Mistral for your use-case.

Most Intelligent

#1
Mistral Medium 3.5
Mistral Medium 3.5
30
#2
Mistral Small 4
Mistral Small 4
20
#3
Devstral 2
Devstral 2
19
#4
Magistral Medium 1.2
Magistral Medium 1.2
18
#5
Devstral Small 2
Devstral Small 2
17

Intelligence index

Total 20 models

Fastest

#1
Ministral 3 3B
Ministral 3 3B
279 t/s
#2
Mistral Small 4
Mistral Small 4
159 t/s
#3
Mistral Small 3.2
Mistral Small 3.2
150 t/s
#4
Mistral Small (Sep)
Mistral Small (Sep)
146 t/s
#5
Mistral Small 3
Mistral Small 3
144 t/s

Output speed

Total 20 models

Lowest Price

#1
Ministral 3 3B
Ministral 3 3B
$0.10
#2
Mistral Small 3.1
Mistral Small 3.1
$0.12
#3
Mistral Small 3.2
Mistral Small 3.2
$0.12
#4
Mistral Small 3
Mistral Small 3
$0.12
#5
Ministral 3 8B
Ministral 3 8B
$0.15

Blended price (per 1M tokens)

Total 20 models

Indicates a reasoning model

Mistral offers 20 models, each with different intelligence, performance, and pricing characteristics. Below is a comparison of the key metrics across models.

  • For intelligence, the top models on Mistral are Mistral Medium 3.5 (30), Mistral Small 4 (20), and Devstral 2 (19).
  • For output speed, the fastest models are Ministral 3 3B (279 t/s), Mistral Small 4 (159 t/s), and Mistral Small 3.2 (150 t/s). Speed varies significantly across models, with a 93% difference between the fastest and slowest.
  • For latency, Ministral 3 3B (0.64s), Mistral Small 3.2 (0.65s), and Ministral 3 8B (0.73s) offer the lowest time to first answer token.
  • For pricing, Ministral 3 3B ($0.10), Mistral Small 3.1 ($0.12), and Mistral Small 3.2 ($0.12) offer the lowest blended prices per 1M tokens.
  • For context window size, Mistral Medium 3.5 (262k), Devstral 2 (262k), and Mistral Large 3 (262k) support the largest context windows on Mistral.
  • Ministral 3 3B offers both the fastest output and best pricing, making it attractive for throughput-sensitive and cost-conscious applications. Mistral Medium 3.5 leads in intelligence for tasks that require the highest quality.

Highlights

Artificial Analysis Intelligence Index · Higher is better
Output tokens per second · Higher is better
USD per 1M tokens (blended) · Lower is better

Intelligence Evaluations

Artificial Analysis Intelligence Index

Artificial Analysis Intelligence Index v4.1 incorporates 9 evaluations: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR
Estimate (independent evaluation forthcoming)
Reasoning models are indicated by a lightbulb icon

Artificial Analysis Intelligence Index v4.1 includes: GDPval-AA v2, 𝜏³-Banking, Terminal-Bench v2.1, SciCode, Humanity's Last Exam, GPQA Diamond, CritPt, AA-Omniscience, AA-LCR. See Intelligence Index methodology for further details, including a breakdown of each evaluation and how we run them.

Intelligence Evaluations

Intelligence evaluations measured independently by Artificial Analysis · Higher is better

Agentic real-world work tasks, (Elo-500)/2000

Agentic tool use

Agentic coding & terminal use

Coding

Reasoning & knowledge

Scientific reasoning

Physics reasoning

Long context reasoning

Agentic knowledge work, Elo

Agentic SaaS workflows

Legal agentic work, criterion pass rate

Agentic business operations

Instruction following

Long-horizon agentic tasks

No data available

Kubernetes incident root-cause analysis

No data available

Visual reasoning

Reasoning models are indicated by a lightbulb icon

While model intelligence generally translates across use cases, specific evaluations may be more relevant for certain use cases.

Intelligence Index vs. Price

Blended at 7:2:1 (cache-input-output) · USD per 1M tokens (blended)
Most attractive quadrant
Reasoning models are indicated by a lightbulb icon

While higher intelligence models are typically more expensive, they do not all follow the same price-quality curve.

Context Window

Context Window

Context window: tokens limit · Higher is better
Reasoning models are indicated by a lightbulb icon

Larger context windows are relevant to RAG (Retrieval Augmented Generation) LLM workflows which typically involve reasoning and information retrieval of large amounts of data.

Pricing

Intelligence Index vs. Price

Blended at 7:2:1 (cache-input-output) · USD per 1M tokens (blended)
Most attractive quadrant
Reasoning models are indicated by a lightbulb icon

While higher intelligence models are typically more expensive, they do not all follow the same price-quality curve.

Performance Summary

Output Speed vs. Price

Output speed: output tokens per second · USD per 1M tokens (blended)
Most attractive quadrant
Reasoning models are indicated by a lightbulb icon

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Speed

Measured by Output Speed (tokens per second)

Output Speed

Output tokens per second · Higher is better
Reasoning models are indicated by a lightbulb icon

Tokens per second received while the model is generating tokens (ie. after first chunk has been received from the API for models which support streaming).

Latency

Measured by Time (seconds) to First Token

Latency: Time To First Answer Token

Seconds to first answer token received · Accounts for reasoning model 'thinking' time
Reasoning models are indicated by a lightbulb icon

Time to first answer token received, in seconds, after API request sent. For reasoning models, this includes the 'thinking' time of the model before providing an answer. For models which do not support streaming, this represents time to receive the completion.

End-to-End Response Time

Seconds to output 500 tokens, calculated based on time to first token, 'thinking' time for reasoning models, and output speed

End-to-End Response Time vs. Price

End-to-end response time: end-to-end seconds to output 500 tokens · USD per 1M tokens (blended)
Most attractive quadrant
Reasoning models are indicated by a lightbulb icon

Price per token, shown in USD per million tokens. Price is a blend of cache hit, input, and output token prices using the selected ratio (default 7:2:1 cache-input-output).

Further Analysis
Mistral logo
Mistral Medium 3.5
262k
Open
30
$0.61
66
2.16
40.15
30.39
Mistral logo
Mistral Small 4
256k
Open
20
$0.10
159
0.79
16.51
12.57
Mistral logo
Devstral 2
262k
Open
19
$0.00
50
1.38
11.37
--
Mistral logo
Magistral Medium 1.2
131k
Proprietary
18
$0.84
43
1.85
59.37
46.02
Mistral logo
Devstral Small 2
256k
Open
17
$0.00
44
1.41
12.67
--
Mistral logo
Mistral Large 3
262k
Open
16
$0.08
49
1.10
11.20
--
Mistral logo
Mistral Small 3.1
131k
Open
15
$0.04
140
0.83
4.41
--
Mistral logo
Mistral Medium 3.1
131k
Proprietary
15
$0.16
86
1.51
7.33
--
Mistral logo
Mistral Medium 3
131k
Proprietary
12*
--
48
1.51
11.96
--
Mistral logo
Mistral Small 4
262k
Open
12*
--
141
0.84
4.38
--
Mistral logo
Magistral Small 1.2
131k
Open
11
$0.29
89
0.93
28.93
22.40
Mistral logo
Ministral 3 14B
262k
Open
11
$0.16
74
0.88
7.60
--
Mistral logo
Mistral Small 3.2
131k
Open
11
$0.14
150
0.65
3.98
--
Mistral logo
Ministral 3 8B
262k
Open
9
$0.18
119
0.73
4.91
--
Mistral logo
Mistral Small 3
32.8k
Open
7*
--
144
0.86
4.32
--
Mistral logo
Ministral 3 3B
131k
Open
7
$0.13
279
0.64
2.43
--
Mistral logo
Mistral Small (Sep)
32.8k
Open
5*
--
146
0.83
4.25
--
Mistral logo
Mistral Small (Feb)
262k
Proprietary
4*
--
143
0.78
4.28
--
Mistral logo
Mistral Medium
131k
Proprietary
4*
--
46
2.17
12.92
--
Mistral logo
Mistral 7B
32.8k
Open
2*
--
112
0.81
5.29
--

Key definitions

Maximum number of combined input & output tokens. Output tokens commonly have a significantly lower limit (varied by model).

Frequently Asked Questions

Common questions about Mistral

The most intelligent model available on Mistral is Mistral Medium 3.5 with an Intelligence Index score of 30.

The fastest model on Mistral by output speed is Ministral 3 3B at 279.4 tokens per second.

The model with the lowest time to first answer token on Mistral is Ministral 3 3B at 0.64s. Lower latency means faster initial response time.

The most affordable model on Mistral by blended price is Ministral 3 3B at $0.10 per 1M tokens (7:2:1 cache hit/input/output ratio).

Prices on Mistral vary up to 23x across models, from $0.10 per 1M tokens for Ministral 3 3B to $2.30 per 1M tokens for Magistral Medium 1.2.

Yes, Mistral offers an OpenAI-compatible API, making it easy to switch from OpenAI or use existing OpenAI SDK integrations.

19 of 20 models on Mistral support JSON mode for structured output.

Yes, all 20 models on Mistral support function calling (tool use).

Yes, Mistral offers 4 reasoning models: Mistral Medium 3.5, Mistral Small 4, Magistral Medium 1.2, and Magistral Small 1.2. Reasoning models use extended thinking to work through complex problems before providing an answer.

Yes, provider performance can vary over time due to infrastructure changes, load balancing, and updates. We continuously benchmark all providers and display historical performance trends in the "Over Time" charts.

When choosing a model on Mistral, consider: intelligence (for quality-sensitive tasks), output speed (for throughput-intensive tasks), latency (for interactive applications requiring quick first responses), pricing (for cost-sensitive workloads), and features like context window size, JSON mode, or function calling support.