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MiniMax M2.5 vs Nemotron 3 Ultra

MiniMax M2.5 leads Nemotron 3 Ultra on coding, 37.2 to 30.0 on the Vibe Coding Index, and MiniMax M2.5 costs 2.0x less per output token ($1.20 vs $2.40 per million). Updated October 23, 2026; 51 benchmarks have a result for both.

MiniMax M2.5MiniMax
Coding
37.2
Overall
37.3
Output $/M
$1.20
12
Nemotron 3 UltraNVIDIA
Coding
30.0
Overall
53.1
Output $/M
$2.40
39
vs boards won of 51 shared

MiniMax M2.5 or Nemotron 3 Ultra: which to pick

Pick MiniMax M2.5 for coding: it scores 37.2 on the Vibe Coding Index against 30.0 for Nemotron 3 Ultra.

Pick Nemotron 3 Ultra for a larger context window (262K against 205K tokens) and work measured by LiveCodeBench (Vals AI) or Terminal-Bench Hard (Artificial Analysis run), where it leads.

Shared results
51
MiniMax M2.5 only
20
Nemotron 3 Ultra only
20
Like-for-like categories
8 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.

At a glance

Coding index
MiniMax M2.5 37.2 from 3 benchmarks, Nemotron 3 Ultra 30.0 from 3 benchmarks.
Widest category
General, 13.1 points apart on average over 18 shared benchmarks.
Widest single gap
LMArena Text: Korean: MiniMax M2.5 1233 against Nemotron 3 Ultra 1385, 25.5 points apart on a 0 to 100 scale.
Output price
MiniMax M2.5 $1.20 against Nemotron 3 Ultra $2.40 per million output tokens, 2.0x apart.
Context window
MiniMax M2.5 takes 205K tokens, Nemotron 3 Ultra 262K.

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.

Boards won, where both have a result
CategoryMiniMax M2.5BarsNemotron 3 UltraTies
Coding24
Intelligence11
Agentic work10
Reasoning06
Math12
Knowledge08
Web design70
General018
All shared boards1239
CodingLike-for-likeSix of these boards feed the Vibe Coding Index24
Coding benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
SWE-bench Verified75.8%Not measuredOnly MiniMax M2.5 measured
SWE-bench Multilingual68.3%Not measuredOnly MiniMax M2.5 measured
LMArena WebDev1386Not measuredOnly MiniMax M2.5 measured
AA Coding IndexNot measured49.3Only Nemotron 3 Ultra measured
LiveCodeBench (Vals AI)79.2%86.0%Nemotron 3 Ultra
SWE-bench Verified (Vals AI)74.2%69.0%MiniMax M2.5
Vibe Code Bench (Vals AI)14.8%7.6%MiniMax M2.5
Code migration (Vals AI)Not measured4.9%Only Nemotron 3 Ultra measured
ProgramBench (Vals AI)Not measured0.0%Only Nemotron 3 Ultra measured
Terminal-Bench 2.1 (Vals AI)Not measured50.9%Only Nemotron 3 Ultra measured
SciCodeNot measured40.3%Only Nemotron 3 Ultra measured
Terminal-Bench Hard (Artificial Analysis run)34.8%36.4%Nemotron 3 Ultra
Terminal-Bench42.7%Not measuredOnly MiniMax M2.5 measured
FrontierCodeNot measured13.6%Only Nemotron 3 Ultra measured
WeirdMLNot measured43.5%Only Nemotron 3 Ultra measured
ALE-Bench618.2Not measuredOnly MiniMax M2.5 measured
LMArena Text: coding13801467Nemotron 3 Ultra
LMArena Text: software and IT13831468Nemotron 3 Ultra
LMArena WebDev: React1374Not measuredOnly MiniMax M2.5 measured
LMArena WebDev: HTML1414Not measuredOnly MiniMax M2.5 measured
SWE Atlas: Codebase QnA10.3%Not measuredOnly MiniMax M2.5 measured
SWE Atlas: Refactoring19.5%Not measuredOnly MiniMax M2.5 measured
SWE Atlas: Test Writing18.6%Not measuredOnly MiniMax M2.5 measured
Neither model has a result on the other 20 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index11
Intelligence benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
AA Intelligence Index22.822.9Nemotron 3 Ultra
Epoch Capabilities Index146.6146.0MiniMax M2.5
Agentic workLike-for-likePublic boards, shown as published, kept out of the index10
Agentic work benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
AA Agentic IndexNot measured20.1Only Nemotron 3 Ultra measured
Finance Agent (Vals AI)Not measured37.7%Only Nemotron 3 Ultra measured
Legal Research Bench (Vals AI)Not measured15.4%Only Nemotron 3 Ultra measured
Excel Modeling Benchmark (Vals AI)Not measured31.7%Only Nemotron 3 Ultra measured
τ²-Bench Telecom95.3%83.3%MiniMax M2.5
APEX-AgentsNot measured22.7%Only Nemotron 3 Ultra measured
Vending-Bench 2-$23Not measuredOnly MiniMax M2.5 measured
MCP AtlasNot measured63.1%Only Nemotron 3 Ultra measured
Neither model has a result on the other 34 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index06
Reasoning benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
GPQA Diamond82.1%86.1%Nemotron 3 Ultra
GPQA Diamond (Artificial Analysis run)84.8%86.7%Nemotron 3 Ultra
Humanity's Last Exam (Artificial Analysis run)20.5%28.4%Nemotron 3 Ultra
GPQA Diamond (Epoch AI run)Not measured85.4%Only Nemotron 3 Ultra measured
ARC-AGI63.7%Not measuredOnly MiniMax M2.5 measured
ARC-AGI-24.9%Not measuredOnly MiniMax M2.5 measured
Mystery game puzzlesNot measured20.0%Only Nemotron 3 Ultra measured
LMArena Text: hard prompts13721452Nemotron 3 Ultra
LMArena Text: expert13791472Nemotron 3 Ultra
LMArena Text: hard prompts in English13841453Nemotron 3 Ultra
Kagi LLM Benchmark55.2%Not measuredOnly MiniMax M2.5 measured
Neither model has a result on the other 12 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index12
Math benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
AIME88.8%Not measuredOnly MiniMax M2.5 measured
OTIS Mock AIMENot measured86.7%Only Nemotron 3 Ultra measured
ProofBench4.0%2.0%MiniMax M2.5
LMArena Text: math13781457Nemotron 3 Ultra
LMArena Text: mathematical work13781462Nemotron 3 Ultra
Neither model has a result on the other 9 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index08
Knowledge benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
MMLU Pro80.1%85.8%Nemotron 3 Ultra
LegalBench (Vals AI)80.0%82.1%Nemotron 3 Ultra
CaseLaw (Vals AI)53.5%Not measuredOnly MiniMax M2.5 measured
CorpFin (Vals AI)59.6%65.5%Nemotron 3 Ultra
TaxEval (Vals AI)68.2%73.1%Nemotron 3 Ultra
MedQA (Vals AI)92.5%Not measuredOnly MiniMax M2.5 measured
MedCode (Vals AI)Not measured38.6%Only Nemotron 3 Ultra measured
LMArena Text: science13691465Nemotron 3 Ultra
LMArena Text: medicine and healthcare13571455Nemotron 3 Ultra
LMArena Text: legal and government13661453Nemotron 3 Ultra
LMArena Text: business and finance13561435Nemotron 3 Ultra
Neither model has a result on the other 9 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index70
Web design benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
Design Arena: websites12221145MiniMax M2.5
Design Arena: UI components11701135MiniMax M2.5
Design Arena: game dev11761138MiniMax M2.5
Design Arena: data viz11721142MiniMax M2.5
Design Arena: 3D11701132MiniMax M2.5
Design Arena: all code categories12071146MiniMax M2.5
Design Arena: SVG11501069MiniMax M2.5
Design Arena: ASCII artNot measured1100Only Nemotron 3 Ultra measured
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index018
General benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
IFBench71.6%81.4%Nemotron 3 Ultra
Long context reasoning (AA-LCR)73.3%79.3%Nemotron 3 Ultra
DTBenchNot measured90.1%Only Nemotron 3 Ultra measured
LMCANot measured36.9%Only Nemotron 3 Ultra measured
CL-bench11.4%Not measuredOnly MiniMax M2.5 measured
CL-bench Life6.3%Not measuredOnly MiniMax M2.5 measured
LMArena Text13591445Nemotron 3 Ultra
LMArena Text: instruction following13531418Nemotron 3 Ultra
LMArena Text: creative writing13311398Nemotron 3 Ultra
LMArena Text: English13801454Nemotron 3 Ultra
LMArena Text: non-English13381427Nemotron 3 Ultra
LMArena Text: Chinese13931498Nemotron 3 Ultra
LMArena Text: German13611474Nemotron 3 Ultra
LMArena Text: Japanese1171Not measuredOnly MiniMax M2.5 measured
LMArena Text: Korean12331385Nemotron 3 Ultra
LMArena Text: French13631473Nemotron 3 Ultra
LMArena Text: Spanish13531454Nemotron 3 Ultra
LMArena Text: Russian13591417Nemotron 3 Ultra
LMArena Text: Polish13341385Nemotron 3 Ultra
LMArena Text: multi-turn13641411Nemotron 3 Ultra
LMArena Text: longer queries13661437Nemotron 3 Ultra
LMArena Text: writing and language13451405Nemotron 3 Ultra
LMArena Text: entertainment and media13291397Nemotron 3 Ultra
Neither model has a result on the other 25 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for MiniMax M2.5 and Nemotron 3 Ultra
BenchmarkMiniMax M2.5Nemotron 3 UltraLeader
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

MiniMax M2.5$0.0009Fits in one request
Nemotron 3 Ultra$0.0018Fits in one request

MiniMax M2.5 costs less

Repository review

50K input + 3K output tokens

MiniMax M2.5$0.019Fits in one request
Nemotron 3 Ultra$0.037Fits in one request

MiniMax M2.5 costs less

Agent loop

200K input + 10K output tokens

MiniMax M2.5$0.072Exceeds the context window
Nemotron 3 Ultra$0.144Fits in one request

MiniMax M2.5 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.

Specifications of MiniMax M2.5 and Nemotron 3 Ultra
SpecificationMiniMax M2.5NVIDIA Nemotron 3 Ultra
MakerMiniMaxNVIDIA
WeightsOpen weightsOpen weights
ReleasedFebruary 12, 2026June 4, 2026
Context window205K262K
Input $/Mtok$0.30$0.60
Output $/Mtok$1.20$2.40
Coding index37.230.0
Independent measurements behind it33
Cost per solved task$0.62Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is MiniMax M2.5 better than Nemotron 3 Ultra for coding?

Pick MiniMax M2.5 for coding: it scores 37.2 on the Vibe Coding Index against 30.0 for Nemotron 3 Ultra. Pick Nemotron 3 Ultra for a larger context window (262K against 205K tokens) and work measured by LiveCodeBench (Vals AI) or Terminal-Bench Hard (Artificial Analysis run), where it leads.

Which is cheaper, MiniMax M2.5 or Nemotron 3 Ultra?

MiniMax M2.5 costs $0.30 per million input tokens and $1.20 per million output tokens; Nemotron 3 Ultra costs $0.60 and $2.40. Cost per solved task is known for MiniMax M2.5 only.

Which has the bigger context window, MiniMax M2.5 or Nemotron 3 Ultra?

Nemotron 3 Ultra, with 262K tokens against 205K.

How many benchmarks is the MiniMax M2.5 vs Nemotron 3 Ultra comparison based on?

51 benchmarks have a result for both models as of October 23, 2026. MiniMax M2.5's coding index rests on 3 independent benchmarks and Nemotron 3 Ultra's on 3. Where only one model has a result, the page says so instead of naming a winner.

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<iframe src="https://llmbenchmark.ai/embed/compare/minimax-minimax-m2-5-vs-nvidia-nemotron-3-ultra-550b-a55b" title="MiniMax M2.5 vs Nemotron 3 Ultra, LLMBenchmark.ai" width="100%" height="360" style="border:0;max-width:100%" loading="lazy"></iframe>
<p style="font:13px/1.4 sans-serif;margin:6px 0 0">Source: <a href="https://llmbenchmark.ai/compare/minimax-minimax-m2-5-vs-nvidia-nemotron-3-ultra-550b-a55b">LLMBenchmark.ai, MiniMax M2.5 vs Nemotron 3 Ultra</a></p>