MiniMax M2.1 vs Mistral Small 3.2 24B
Mistral Small 3.2 24B costs 4.0x less per output token than MiniMax M2.1 ($0.30 vs $1.20 per million). Updated October 22, 2026; 5 benchmarks have a result for both.
MiniMax M2.1 or Mistral Small 3.2 24B: which to pick
Neither model has a coding score yet, so the two cannot be ranked on coding.
Compare them on price, context and the boards below.
- Shared results
- 5
- MiniMax M2.1 only
- 29
- Mistral Small 3.2 24B only
- 0
- Like-for-like categories
- 1 of 9
Only benchmarks that tested both models count toward a pick; a result only one model has is shown but not compared.
Which one for your work
Each card is decided by one number both models carry. Where only one has it, the card says so and makes no call.
Coding
Vibe Coding Index, six public coding benchmarks
No call
Neither has a coding score yet.
One side not measured
Intelligence
AA Intelligence Index
No call
Only MiniMax M2.1 has a AA Intelligence Index result, 20.9.
Directional only
Reasoning
GPQA Diamond
No call
Only MiniMax M2.1 has a GPQA Diamond result, 78.5%.
Directional only
Math
AIME
No call
Only MiniMax M2.1 has a AIME result, 77.9%.
Directional only
Knowledge
MMLU Pro
No call
Only MiniMax M2.1 has a MMLU Pro result, 87.0%.
Directional only
Web design
Design Arena: websites
MiniMax M2.1
MiniMax M2.1 leads, 1201 against 896.
Same board, both measured
Long documents
Listed context window
Mistral Small 3.2 24B
Mistral Small 3.2 24B takes 256K tokens against 205K.
Listed by OpenRouter
Everyday cost
1K input + 500 output tokens
Mistral Small 3.2 24B
MiniMax M2.1 $0.0009, Mistral Small 3.2 24B $0.0003 per turn.
List prices
Cost per solved task
One SWE-bench Verified task, solved
No call
Only MiniMax M2.1 has the number, $0.59.
Directional only
At a glance
- Coding index
- MiniMax M2.1 not benchmarked, Mistral Small 3.2 24B not benchmarked.
- Widest category
- Web design, 35.6 points apart on average over 5 shared benchmarks.
- Widest single gap
- Design Arena: UI components: MiniMax M2.1 1220 against Mistral Small 3.2 24B 904, 39.5 points apart on a 0 to 100 scale.
- Output price
- MiniMax M2.1 $1.20 against Mistral Small 3.2 24B $0.30 per million output tokens, 4.0x apart.
- Context window
- MiniMax M2.1 takes 205K tokens, Mistral Small 3.2 24B 256K.
Benchmark by benchmark
First the score: boards each model leads, per category, where both have a result. Then every board, a category to a fold; bars are each result on a 0 to 100 scale, so compare the two in a row, not one row with another.
| Category | MiniMax M2.1 | Bars | Mistral Small 3.2 24B | Ties |
|---|---|---|---|---|
| Web design | 5 | 0 | ||
| All shared boards | 5 | 0 |
CodingDirectional onlySix of these boards feed the Vibe Coding Index6 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| LiveCodeBench (Vals AI) | 81.8% | Not measured | Only MiniMax M2.1 measured |
| SWE-bench Verified (Vals AI) | 74.8% | Not measured | Only MiniMax M2.1 measured |
| LiveCodeBench (Artificial Analysis run) | 81.0% | Not measured | Only MiniMax M2.1 measured |
| Terminal-Bench Hard (Artificial Analysis run) | 28.8% | Not measured | Only MiniMax M2.1 measured |
| Terminal-Bench | 36.6% | Not measured | Only MiniMax M2.1 measured |
| ALE-Bench | 623.8 | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 37 boards here | |||
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| AA Intelligence Index | 20.9 | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 1 board here | |||
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index1 board, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| τ²-Bench Telecom | 85.4% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 41 boards here | |||
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index3 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| GPQA Diamond | 78.5% | Not measured | Only MiniMax M2.1 measured |
| GPQA Diamond (Artificial Analysis run) | 83.0% | Not measured | Only MiniMax M2.1 measured |
| Humanity's Last Exam (Artificial Analysis run) | 23.2% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 20 boards here | |||
MathDirectional onlyPublic boards, shown as published, kept out of the index5 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| AIME | 77.9% | Not measured | Only MiniMax M2.1 measured |
| MATH 500 (Vals AI) | 89.0% | Not measured | Only MiniMax M2.1 measured |
| MGSM (Vals AI) | 87.8% | Not measured | Only MiniMax M2.1 measured |
| AA Math Index | 82.7 | Not measured | Only MiniMax M2.1 measured |
| AIME 2025 (Artificial Analysis run) | 82.7% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 9 boards here | |||
KnowledgeDirectional onlyPublic boards, shown as published, kept out of the index8 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| MMLU Pro | 87.0% | Not measured | Only MiniMax M2.1 measured |
| LegalBench (Vals AI) | 75.5% | Not measured | Only MiniMax M2.1 measured |
| CaseLaw (Vals AI) | 55.8% | Not measured | Only MiniMax M2.1 measured |
| CorpFin (Vals AI) | 58.9% | Not measured | Only MiniMax M2.1 measured |
| TaxEval (Vals AI) | 66.3% | Not measured | Only MiniMax M2.1 measured |
| MedQA (Vals AI) | 91.2% | Not measured | Only MiniMax M2.1 measured |
| MedCode (Vals AI) | 34.1% | Not measured | Only MiniMax M2.1 measured |
| MMLU Pro (Artificial Analysis run) | 87.5% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 12 boards here | |||
Web designLike-for-likePublic boards, shown as published, kept out of the index50
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| Design Arena: websites | 1201 | 896 | MiniMax M2.1 |
| Design Arena: UI components | 1220 | 904 | MiniMax M2.1 |
| Design Arena: game dev | 1134 | 889 | MiniMax M2.1 |
| Design Arena: data viz | 1206 | 929 | MiniMax M2.1 |
| Design Arena: 3D | 1164 | Not measured | Only MiniMax M2.1 measured |
| Design Arena: all code categories | 1190 | 907 | MiniMax M2.1 |
| Design Arena: SVG | 1131 | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 2 boards here | |||
GeneralDirectional onlyPublic boards, shown as published, kept out of the index3 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| MedScribe (Vals AI) | 80.8% | Not measured | Only MiniMax M2.1 measured |
| IFBench | 69.9% | Not measured | Only MiniMax M2.1 measured |
| Long context reasoning (AA-LCR) | 67.7% | Not measured | Only MiniMax M2.1 measured |
| Neither model has a result on the other 45 boards here | |||
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
| Benchmark | MiniMax M2.1 | Mistral Small 3.2 24B | Leader |
|---|---|---|---|
| Neither model has a result on 5 boards here | |||
What each workload costs
Three fixed token mixes at each model's listed price, so per-token rates become a bill.
Chat turn
1K input + 500 output tokens
Mistral Small 3.2 24B costs less
Repository review
50K input + 3K output tokens
Mistral Small 3.2 24B costs less
Agent loop
200K input + 10K output tokens
Mistral Small 3.2 24B costs less
Listed OpenRouter rates, without cache or batch discounts. A workload that does not fit a model's context window would need splitting.
Specification differences
The leading value in a row is marked; a row with a missing value names no leader. Our two rows are marked in red.
| Specification | MiniMax M2.1 | Mistral Small 3.2 24B |
|---|---|---|
| Maker | MiniMax | Mistral AI |
| Weights | Open weights | Open weights |
| Released | December 23, 2025 | June 20, 2025 |
| Context window | 205K | 256K |
| Input $/Mtok | $0.30 | $0.10 |
| Output $/Mtok | $1.20 | $0.30 |
| Coding index | Not benchmarked | Not benchmarked |
| Independent measurements behind it | 1 | 0 |
| Cost per solved task | $0.59 | Not computable |
| Source | OpenRouter listing | OpenRouter listing |
Questions
Is MiniMax M2.1 better than Mistral Small 3.2 24B for coding?
Neither model has a coding score yet, so the two cannot be ranked on coding. Compare them on price, context and the boards below.
Which is cheaper, MiniMax M2.1 or Mistral Small 3.2 24B?
MiniMax M2.1 costs $0.30 per million input tokens and $1.20 per million output tokens; Mistral Small 3.2 24B costs $0.10 and $0.30. Cost per solved task is known for MiniMax M2.1 only.
Which has the bigger context window, MiniMax M2.1 or Mistral Small 3.2 24B?
Mistral Small 3.2 24B, with 256K tokens against 205K.
How many benchmarks is the MiniMax M2.1 vs Mistral Small 3.2 24B comparison based on?
5 benchmarks have a result for both models as of October 22, 2026. MiniMax M2.1's coding index rests on 1 independent benchmark and Mistral Small 3.2 24B's on 0. Where only one model has a result, the page says so instead of naming a winner.