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Mistral Large 3 2512 vs Nemotron 3 Ultra

Nemotron 3 Ultra leads Mistral Large 3 2512 on the Artificial Analysis Intelligence Index, 22.9 to 9.3, and Mistral Large 3 2512 costs 1.6x less per output token ($1.50 vs $2.40 per million). Updated October 22, 2026; 20 benchmarks have a result for both.

Mistral Large 3 2512Mistral AI
Coding
No data
Overall
No data
Output $/M
$1.50
1
Nemotron 3 UltraNVIDIA
Coding
30.0
Overall
53.1
Output $/M
$2.40
19
vs boards won of 20 shared

Mistral Large 3 2512 or Nemotron 3 Ultra: which to pick

Only Nemotron 3 Ultra has a coding score, 30.0 on the Vibe Coding Index; Mistral Large 3 2512 has none, so the two cannot be ranked on coding.

Pick Mistral Large 3 2512 for output tokens 1.6x cheaper ($1.50 vs $2.40 per million) and work measured by Design Arena: websites, where it leads.

Shared results
20
Mistral Large 3 2512 only
8
Nemotron 3 Ultra only
51
Like-for-like categories
7 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
Mistral Large 3 2512 not benchmarked, Nemotron 3 Ultra 30.0 from 3 benchmarks.
Widest category
Coding, 29.1 points apart on average over 3 shared benchmarks.
Widest single gap
LiveCodeBench (Vals AI): Mistral Large 3 2512 55.3% against Nemotron 3 Ultra 86.0%, 30.6 points apart on a 0 to 100 scale.
Output price
Mistral Large 3 2512 $1.50 against Nemotron 3 Ultra $2.40 per million output tokens, 1.6x apart.
Context window
Both take 262K tokens.

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
CategoryMistral Large 3 2512BarsNemotron 3 UltraTies
Coding03
Intelligence01
Agentic work01
Reasoning01
Knowledge04
Web design17
General02
All shared boards119
CodingLike-for-likeSix of these boards feed the Vibe Coding Index03
Coding benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
AA Coding Index20.149.3Nemotron 3 Ultra
LiveCodeBench (Vals AI)55.3%86.0%Nemotron 3 Ultra
SWE-bench Verified (Vals AI)41.4%69.0%Nemotron 3 Ultra
Vibe Code Bench (Vals AI)Not measured7.6%Only Nemotron 3 Ultra measured
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)Not measured36.4%Only Nemotron 3 Ultra measured
FrontierCodeNot measured13.6%Only Nemotron 3 Ultra measured
WeirdMLNot measured43.5%Only Nemotron 3 Ultra measured
ALE-Bench264.7Not measuredOnly Mistral Large 3 2512 measured
LMArena Text: codingNot measured1468Only Nemotron 3 Ultra measured
LMArena Text: software and ITNot measured1468Only Nemotron 3 Ultra measured
Neither model has a result on the other 29 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index01
Intelligence benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
AA Intelligence Index9.322.9Nemotron 3 Ultra
Epoch Capabilities IndexNot measured146.0Only Nemotron 3 Ultra measured
Agentic workLike-for-likePublic boards, shown as published, kept out of the index01
Agentic work benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
AA Agentic Index1.020.1Nemotron 3 Ultra
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 TelecomNot measured83.3%Only Nemotron 3 Ultra measured
APEX-AgentsNot measured22.7%Only Nemotron 3 Ultra measured
MCP AtlasNot measured63.1%Only Nemotron 3 Ultra measured
Neither model has a result on the other 35 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index01
Reasoning benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
GPQA Diamond68.4%86.1%Nemotron 3 Ultra
MMMU Pro (Vals AI)66.2%Not measuredOnly Mistral Large 3 2512 measured
GPQA Diamond (Artificial Analysis run)Not measured86.7%Only Nemotron 3 Ultra measured
Humanity's Last Exam (Artificial Analysis run)Not measured28.4%Only Nemotron 3 Ultra measured
GPQA Diamond (Epoch AI run)Not measured85.4%Only Nemotron 3 Ultra measured
Mystery game puzzlesNot measured20.0%Only Nemotron 3 Ultra measured
LMArena Text: hard promptsNot measured1452Only Nemotron 3 Ultra measured
LMArena Text: expertNot measured1472Only Nemotron 3 Ultra measured
LMArena Text: hard prompts in EnglishNot measured1453Only Nemotron 3 Ultra measured
Neither model has a result on the other 14 boards here
MathDirectional onlyPublic boards, shown as published, kept out of the index6 boards, none shared
Math benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
AIME42.9%Not measuredOnly Mistral Large 3 2512 measured
MGSM (Vals AI)85.4%Not measuredOnly Mistral Large 3 2512 measured
OTIS Mock AIMENot measured86.7%Only Nemotron 3 Ultra measured
ProofBenchNot measured2.0%Only Nemotron 3 Ultra measured
LMArena Text: mathNot measured1457Only Nemotron 3 Ultra measured
LMArena Text: mathematical workNot measured1461Only Nemotron 3 Ultra measured
Neither model has a result on the other 8 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index04
Knowledge benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
MMLU Pro79.8%85.8%Nemotron 3 Ultra
LegalBench (Vals AI)79.1%82.1%Nemotron 3 Ultra
CaseLaw (Vals AI)61.4%Not measuredOnly Mistral Large 3 2512 measured
CorpFin (Vals AI)61.0%65.5%Nemotron 3 Ultra
TaxEval (Vals AI)73.1%73.1%Nemotron 3 Ultra
MortgageTax (Vals AI)52.1%Not measuredOnly Mistral Large 3 2512 measured
MedQA (Vals AI)82.2%Not measuredOnly Mistral Large 3 2512 measured
MedCode (Vals AI)Not measured38.6%Only Nemotron 3 Ultra measured
LMArena Text: scienceNot measured1465Only Nemotron 3 Ultra measured
LMArena Text: medicine and healthcareNot measured1456Only Nemotron 3 Ultra measured
LMArena Text: legal and governmentNot measured1452Only Nemotron 3 Ultra measured
LMArena Text: business and financeNot measured1434Only Nemotron 3 Ultra measured
Neither model has a result on the other 8 boards here
Web designLike-for-likePublic boards, shown as published, kept out of the index17
Web design benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
Design Arena: websites11621145Mistral Large 3 2512
Design Arena: UI components10991135Nemotron 3 Ultra
Design Arena: game dev10791138Nemotron 3 Ultra
Design Arena: data viz11371141Nemotron 3 Ultra
Design Arena: 3D10991131Nemotron 3 Ultra
Design Arena: all code categories11411146Nemotron 3 Ultra
Design Arena: SVG9921069Nemotron 3 Ultra
Design Arena: ASCII art10691100Nemotron 3 Ultra
Neither model has a result on the other 1 board here
GeneralLike-for-likePublic boards, shown as published, kept out of the index02
General benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 3 UltraLeader
SAGE (Vals AI)24.6%Not measuredOnly Mistral Large 3 2512 measured
IFBenchNot measured81.4%Only Nemotron 3 Ultra measured
Long context reasoning (AA-LCR)Not measured79.3%Only Nemotron 3 Ultra measured
DTBench65.1%90.1%Nemotron 3 Ultra
LMCA16.7%36.9%Nemotron 3 Ultra
LMArena TextNot measured1445Only Nemotron 3 Ultra measured
LMArena Text: instruction followingNot measured1418Only Nemotron 3 Ultra measured
LMArena Text: creative writingNot measured1399Only Nemotron 3 Ultra measured
LMArena Text: EnglishNot measured1455Only Nemotron 3 Ultra measured
LMArena Text: non-EnglishNot measured1427Only Nemotron 3 Ultra measured
LMArena Text: ChineseNot measured1497Only Nemotron 3 Ultra measured
LMArena Text: GermanNot measured1472Only Nemotron 3 Ultra measured
LMArena Text: KoreanNot measured1384Only Nemotron 3 Ultra measured
LMArena Text: FrenchNot measured1472Only Nemotron 3 Ultra measured
LMArena Text: SpanishNot measured1455Only Nemotron 3 Ultra measured
LMArena Text: RussianNot measured1417Only Nemotron 3 Ultra measured
LMArena Text: PolishNot measured1385Only Nemotron 3 Ultra measured
LMArena Text: multi-turnNot measured1411Only Nemotron 3 Ultra measured
LMArena Text: longer queriesNot measured1437Only Nemotron 3 Ultra measured
LMArena Text: writing and languageNot measured1406Only Nemotron 3 Ultra measured
LMArena Text: entertainment and mediaNot measured1397Only Nemotron 3 Ultra measured
Neither model has a result on the other 27 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mistral Large 3 2512 and Nemotron 3 Ultra
BenchmarkMistral Large 3 2512Nemotron 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

Mistral Large 3 2512$0.0013Fits in one request
Nemotron 3 Ultra$0.0018Fits in one request

Mistral Large 3 2512 costs less

Repository review

50K input + 3K output tokens

Mistral Large 3 2512$0.029Fits in one request
Nemotron 3 Ultra$0.037Fits in one request

Mistral Large 3 2512 costs less

Agent loop

200K input + 10K output tokens

Mistral Large 3 2512$0.115Fits in one request
Nemotron 3 Ultra$0.144Fits in one request

Mistral Large 3 2512 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 Mistral Large 3 2512 and Nemotron 3 Ultra
SpecificationMistral Large 3 2512NVIDIA Nemotron 3 Ultra
MakerMistral AINVIDIA
WeightsNo public weights listedOpen weights
ReleasedDecember 1, 2025June 4, 2026
Context window262K262K
Input $/Mtok$0.50$0.60
Output $/Mtok$1.50$2.40
Coding indexNot benchmarked30.0
Independent measurements behind it13
Cost per solved task$0.77Not computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mistral Large 3 2512 better than Nemotron 3 Ultra for coding?

Only Nemotron 3 Ultra has a coding score, 30.0 on the Vibe Coding Index; Mistral Large 3 2512 has none, so the two cannot be ranked on coding. Pick Mistral Large 3 2512 for output tokens 1.6x cheaper ($1.50 vs $2.40 per million) and work measured by Design Arena: websites, where it leads.

Which is cheaper, Mistral Large 3 2512 or Nemotron 3 Ultra?

Mistral Large 3 2512 costs $0.50 per million input tokens and $1.50 per million output tokens; Nemotron 3 Ultra costs $0.60 and $2.40. Cost per solved task is known for Mistral Large 3 2512 only.

Which has the bigger context window, Mistral Large 3 2512 or Nemotron 3 Ultra?

Neither: both take 262K tokens.

How many benchmarks is the Mistral Large 3 2512 vs Nemotron 3 Ultra comparison based on?

20 benchmarks have a result for both models as of October 22, 2026. Mistral Large 3 2512's coding index rests on 1 independent benchmark 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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