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Mistral Large 4 vs Qwen2.5 Coder 32B Instruct

Mistral Large 4 leads Qwen2.5 Coder 32B Instruct on the Artificial Analysis Intelligence Index, 38.4 to 6.7, and Qwen2.5 Coder 32B Instruct costs 4.2x less per output token ($1.00 vs $4.18 per million). Updated October 21, 2026; 25 benchmarks have a result for both.

Mistral Large 4Mistral AI
Coding
56.4
Overall
54.6
Output $/M
$4.18
25
Qwen2.5 Coder 32B InstructQwen
Coding
No data
Overall
No data
Output $/M
$1.00
0
vs boards won of 25 shared

Mistral Large 4 or Qwen2.5 Coder 32B Instruct: which to pick

Only Mistral Large 4 has a coding score, 56.4 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding.

Pick Qwen2.5 Coder 32B Instruct for output tokens 4.2x cheaper ($1.00 vs $4.18 per million).

Shared results
25
Mistral Large 4 only
56
Qwen2.5 Coder 32B Instruct only
10
Like-for-like categories
6 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 4 56.4 from 5 benchmarks, Qwen2.5 Coder 32B Instruct not benchmarked.
Widest category
Math, 36.4 points apart on average over 2 shared benchmarks.
Widest single gap
LMArena Text: Chinese: Mistral Large 4 1492 against Qwen2.5 Coder 32B Instruct 1222, 45.0 points apart on a 0 to 100 scale.
Output price
Mistral Large 4 $4.18 against Qwen2.5 Coder 32B Instruct $1.00 per million output tokens, 4.2x apart.
Context window
Mistral Large 4 takes 1.05M tokens, Qwen2.5 Coder 32B Instruct 33K.

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 4BarsQwen2.5 Coder 32B InstructTies
Coding20
Intelligence20
Reasoning40
Math20
Knowledge40
General110
All shared boards250
CodingLike-for-likeSix of these boards feed the Vibe Coding Index20
Coding benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
Aider polyglotNot measured16.4%Only Qwen2.5 Coder 32B Instruct measured
SWE-bench VerifiedNot measured47.0%Only Qwen2.5 Coder 32B Instruct measured
LiveBench coding60.0%Not measuredOnly Mistral Large 4 measured
LMArena WebDev1543Not measuredOnly Mistral Large 4 measured
Terminal-Bench 4 (Vals AI)27.8%Not measuredOnly Mistral Large 4 measured
Vibe Code Bench (Vals AI)78.4%Not measuredOnly Mistral Large 4 measured
Code migration (Vals AI)30.6%Not measuredOnly Mistral Large 4 measured
IOI (Vals AI)45.3%Not measuredOnly Mistral Large 4 measured
SWE-bench Multimodal (Vals AI)33.1%Not measuredOnly Mistral Large 4 measured
Vibe Code Bench 1-100 (Vals AI)14.3%Not measuredOnly Mistral Large 4 measured
LiveCodeBench (Artificial Analysis run)Not measured29.5%Only Qwen2.5 Coder 32B Instruct measured
SciCode54.2%Not measuredOnly Mistral Large 4 measured
FrontierCode39.4%Not measuredOnly Mistral Large 4 measured
ALE-Bench1213.2Not measuredOnly Mistral Large 4 measured
LMArena Text: coding14781276Mistral Large 4
LMArena Text: software and IT14671261Mistral Large 4
LMArena WebDev: React1559Not measuredOnly Mistral Large 4 measured
LMArena WebDev: HTML1487Not measuredOnly Mistral Large 4 measured
Neither model has a result on the other 21 boards here
IntelligenceLike-for-likePublic boards, shown as published, kept out of the index20
Intelligence benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
AA Intelligence Index38.46.7Mistral Large 4
Epoch Capabilities Index150.0119.5Mistral Large 4
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Agentic work benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
LiveBench research28.1%Not measuredOnly Mistral Large 4 measured
LiveBench browser8.0%Not measuredOnly Mistral Large 4 measured
LiveBench long agentic11.8%Not measuredOnly Mistral Large 4 measured
Finance Agent (Vals AI)54.7%Not measuredOnly Mistral Large 4 measured
Tax Agent Bench (Vals AI)30.4%Not measuredOnly Mistral Large 4 measured
Legal Research Bench (Vals AI)31.7%Not measuredOnly Mistral Large 4 measured
Harvey's Legal Agent Benchmark (Vals AI)17.5%Not measuredOnly Mistral Large 4 measured
Excel Modeling Benchmark (Vals AI)56.2%Not measuredOnly Mistral Large 4 measured
BioMysteryBench (Vals AI)67.0%Not measuredOnly Mistral Large 4 measured
Neither model has a result on the other 32 boards here
ReasoningLike-for-likePublic boards, shown as published, kept out of the index40
Reasoning benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
LiveBench reasoning83.9%Not measuredOnly Mistral Large 4 measured
MysteryMechanism (Vals AI)12.2%Not measuredOnly Mistral Large 4 measured
GPQA Diamond (Artificial Analysis run)Not measured41.7%Only Qwen2.5 Coder 32B Instruct measured
Humanity's Last Exam (Artificial Analysis run)35.0%3.5%Mistral Large 4
GPQA Diamond (Epoch AI run)88.1%Not measuredOnly Mistral Large 4 measured
Chess puzzles33.0%Not measuredOnly Mistral Large 4 measured
Mystery game puzzles17.0%Not measuredOnly Mistral Large 4 measured
LMArena Text: hard prompts14441251Mistral Large 4
LMArena Text: expert14441221Mistral Large 4
LMArena Text: hard prompts in English14421269Mistral Large 4
LMArena Vision: diagrams1288Not measuredOnly Mistral Large 4 measured
Neither model has a result on the other 11 boards here
MathLike-for-likePublic boards, shown as published, kept out of the index20
Math benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
OTIS Mock AIME98.3%Not measuredOnly Mistral Large 4 measured
FrontierMath, tiers 1 to 358.6%Not measuredOnly Mistral Large 4 measured
FrontierMath, tier 426.8%Not measuredOnly Mistral Large 4 measured
ProofBench10.0%Not measuredOnly Mistral Large 4 measured
GSM8KNot measured93.0%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: math14691251Mistral Large 4
LMArena Text: mathematical work14621243Mistral Large 4
Neither model has a result on the other 6 boards here
KnowledgeLike-for-likePublic boards, shown as published, kept out of the index40
Knowledge benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
MedCode (Vals AI)40.7%Not measuredOnly Mistral Large 4 measured
MMLU Pro (Artificial Analysis run)Not measured63.5%Only Qwen2.5 Coder 32B Instruct measured
SimpleQA Verified20.0%Not measuredOnly Mistral Large 4 measured
MMLUNot measured79.1%Only Qwen2.5 Coder 32B Instruct measured
AI2 Reasoning ChallengeNot measured70.5%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text: science14481221Mistral Large 4
LMArena Text: medicine and healthcare14331187Mistral Large 4
LMArena Text: legal and government14251257Mistral Large 4
LMArena Text: business and finance14391224Mistral Large 4
Neither model has a result on the other 9 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index9 boards, none shared
Web design benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
Design Arena: websites1258Not measuredOnly Mistral Large 4 measured
Design Arena: UI components1275Not measuredOnly Mistral Large 4 measured
Design Arena: game dev1226Not measuredOnly Mistral Large 4 measured
Design Arena: data viz1274Not measuredOnly Mistral Large 4 measured
Design Arena: 3D1253Not measuredOnly Mistral Large 4 measured
Design Arena: all code categories1259Not measuredOnly Mistral Large 4 measured
Design Arena: SVG1233Not measuredOnly Mistral Large 4 measured
Design Arena: ASCII art1202Not measuredOnly Mistral Large 4 measured
LiveBench design65.6%Not measuredOnly Mistral Large 4 measured
GeneralLike-for-likePublic boards, shown as published, kept out of the index110
General benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
LiveBench data analysis76.5%Not measuredOnly Mistral Large 4 measured
MedScribe (Vals AI)80.4%Not measuredOnly Mistral Large 4 measured
Long context reasoning (AA-LCR)81.3%Not measuredOnly Mistral Large 4 measured
DTBench88.2%Not measuredOnly Mistral Large 4 measured
LMCA35.8%Not measuredOnly Mistral Large 4 measured
Surface Evolver Bench28.1%Not measuredOnly Mistral Large 4 measured
Furniture assembly20.8%Not measuredOnly Mistral Large 4 measured
HellaSwagNot measured83.0%Only Qwen2.5 Coder 32B Instruct measured
WinoGrandeNot measured80.8%Only Qwen2.5 Coder 32B Instruct measured
LMArena Text14311230Mistral Large 4
LMArena Text: instruction following14221223Mistral Large 4
LMArena Text: creative writing13631174Mistral Large 4
LMArena Vision1272Not measuredOnly Mistral Large 4 measured
LMArena Text: English14331248Mistral Large 4
LMArena Text: non-English14221205Mistral Large 4
LMArena Text: Chinese14921222Mistral Large 4
LMArena Text: Japanese1415Not measuredOnly Mistral Large 4 measured
LMArena Text: French1492Not measuredOnly Mistral Large 4 measured
LMArena Text: Spanish1455Not measuredOnly Mistral Large 4 measured
LMArena Text: Russian14171228Mistral Large 4
LMArena Text: multi-turn14351222Mistral Large 4
LMArena Text: longer queries14281251Mistral Large 4
LMArena Text: writing and language13861191Mistral Large 4
LMArena Text: entertainment and media13781150Mistral Large 4
LMArena Vision: English1283Not measuredOnly Mistral Large 4 measured
LMArena Vision: reading text1284Not measuredOnly Mistral Large 4 measured
Neither model has a result on the other 20 boards here
Image generationNot comparablePublic boards, shown as published, kept out of the index0 boards, none shared
Image generation benchmarks for Mistral Large 4 and Qwen2.5 Coder 32B Instruct
BenchmarkMistral Large 4Qwen2.5 Coder 32B InstructLeader
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 4$0.0034Fits in one request
Qwen2.5 Coder 32B Instruct$0.0012Fits in one request

Qwen2.5 Coder 32B Instruct costs less

Repository review

50K input + 3K output tokens

Mistral Large 4$0.081Fits in one request
Qwen2.5 Coder 32B Instruct$0.036Exceeds the context window

Qwen2.5 Coder 32B Instruct costs less

Agent loop

200K input + 10K output tokens

Mistral Large 4$0.314Fits in one request
Qwen2.5 Coder 32B Instruct$0.142Exceeds the context window

Qwen2.5 Coder 32B Instruct 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 4 and Qwen2.5 Coder 32B Instruct
SpecificationMistral Large 4Qwen2.5 Coder 32B Instruct
MakerMistral AIQwen
WeightsNo public weights listedOpen weights
ReleasedOctober 6, 2026November 11, 2024
Context window1.05M33K
Input $/Mtok$1.36$0.66
Output $/Mtok$4.18$1.00
Coding index56.4Not benchmarked
Independent measurements behind it50
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mistral Large 4 better than Qwen2.5 Coder 32B Instruct for coding?

Only Mistral Large 4 has a coding score, 56.4 on the Vibe Coding Index; Qwen2.5 Coder 32B Instruct has none, so the two cannot be ranked on coding. Pick Qwen2.5 Coder 32B Instruct for output tokens 4.2x cheaper ($1.00 vs $4.18 per million).

Which is cheaper, Mistral Large 4 or Qwen2.5 Coder 32B Instruct?

Mistral Large 4 costs $1.36 per million input tokens and $4.18 per million output tokens; Qwen2.5 Coder 32B Instruct costs $0.66 and $1.00. Cost per solved task is known for neither of them.

Which has the bigger context window, Mistral Large 4 or Qwen2.5 Coder 32B Instruct?

Mistral Large 4, with 1.05M tokens against 33K.

How many benchmarks is the Mistral Large 4 vs Qwen2.5 Coder 32B Instruct comparison based on?

25 benchmarks have a result for both models as of October 21, 2026. Mistral Large 4's coding index rests on 5 independent benchmarks and Qwen2.5 Coder 32B Instruct's on 0. Where only one model has a result, the page says so instead of naming a winner.

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