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Mistral Small 4 vs Mistral Small 3.2 24B

Mistral Small 3.2 24B costs 2.0x less per output token than Mistral Small 4 ($0.30 vs $0.60 per million). Updated October 21, 2026; no benchmark has tested both models yet.

Mistral Small 4Mistral AI
Coding
No data
Overall
No data
Output $/M
$0.60
Mistral Small 3.2 24BMistral AI
Coding
No data
Overall
No data
Output $/M
$0.30
vs $0.60 vs $0.30 per 1M output tokens. Mistral Small 3.2 24B is 2.0x cheaper.

Mistral Small 4 or Mistral Small 3.2 24B: which to pick

Neither model has a coding score yet, so the two cannot be ranked on coding.

Pick Mistral Small 4 for a larger context window (262K against 256K tokens).

No benchmark has tested both yet. Mistral Small 4 has results on AA Coding Index, Vibe Code Bench (Vals AI) and SciCode; Mistral Small 3.2 24B on Design Arena: websites, Design Arena: UI components and Design Arena: game dev. Compare them on price and context instead.

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 Small 4 not benchmarked, Mistral Small 3.2 24B not benchmarked.
Widest category
None yet: no category has been tested on both models.
Widest single gap
None yet: no benchmark has tested both models.
Output price
Mistral Small 4 $0.60 against Mistral Small 3.2 24B $0.30 per million output tokens, 2.0x apart.
Context window
Mistral Small 4 takes 262K tokens, Mistral Small 3.2 24B 256K.

Benchmark by benchmark

Every board either model has a result on, a category to a fold; bars are each result on a 0 to 100 scale. Only one model is measured on each, so no row names a leader.

CodingDirectional onlySix of these boards feed the Vibe Coding Index5 boards measured
Coding benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
AA Coding Index26.6Not measuredOnly Mistral Small 4 measured
Vibe Code Bench (Vals AI)0.0%Not measuredOnly Mistral Small 4 measured
SciCode38.8%Not measuredOnly Mistral Small 4 measured
Terminal-Bench Hard (Artificial Analysis run)17.4%Not measuredOnly Mistral Small 4 measured
ALE-Bench497.6Not measuredOnly Mistral Small 4 measured
Neither model has a result on the other 34 boards here
IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
Intelligence benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
AA Intelligence Index11.3Not measuredOnly Mistral Small 4 measured
Neither model has a result on the other 1 board here
Agentic workDirectional onlyPublic boards, shown as published, kept out of the index2 boards measured
Agentic work benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
AA Agentic Index0.8Not measuredOnly Mistral Small 4 measured
τ²-Bench Telecom41.2%Not measuredOnly Mistral Small 4 measured
Neither model has a result on the other 39 boards here
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index3 boards measured
Reasoning benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
GPQA Diamond (Artificial Analysis run)76.9%Not measuredOnly Mistral Small 4 measured
Humanity's Last Exam (Artificial Analysis run)9.9%Not measuredOnly Mistral Small 4 measured
Kagi LLM Benchmark40.5%Not measuredOnly Mistral Small 4 measured
Neither model has a result on the other 19 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index5 boards measured
Web design benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
Design Arena: websitesNot measured896Only Mistral Small 3.2 24B measured
Design Arena: UI componentsNot measured907Only Mistral Small 3.2 24B measured
Design Arena: game devNot measured888Only Mistral Small 3.2 24B measured
Design Arena: data vizNot measured929Only Mistral Small 3.2 24B measured
Design Arena: all code categoriesNot measured907Only Mistral Small 3.2 24B measured
Neither model has a result on the other 4 boards here
GeneralDirectional onlyPublic boards, shown as published, kept out of the index4 boards measured
General benchmarks for Mistral Small 4 and Mistral Small 3.2 24B
BenchmarkMistral Small 4Mistral Small 3.2 24BLeader
IFBench48.2%Not measuredOnly Mistral Small 4 measured
Long context reasoning (AA-LCR)49.7%Not measuredOnly Mistral Small 4 measured
DTBench70.9%Not measuredOnly Mistral Small 4 measured
LMCA20.6%Not measuredOnly Mistral Small 4 measured
Neither model has a result on the other 42 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 4$0.0004Fits in one request
Mistral Small 3.2 24B$0.0003Fits in one request

Mistral Small 3.2 24B costs less

Repository review

50K input + 3K output tokens

Mistral Small 4$0.0093Fits in one request
Mistral Small 3.2 24B$0.0059Fits in one request

Mistral Small 3.2 24B costs less

Agent loop

200K input + 10K output tokens

Mistral Small 4$0.036Fits in one request
Mistral Small 3.2 24B$0.023Fits in one request

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.

Specifications of Mistral Small 4 and Mistral Small 3.2 24B
SpecificationMistral Small 4Mistral Small 3.2 24B
MakerMistral AIMistral AI
WeightsOpen weightsOpen weights
ReleasedMarch 16, 2026June 20, 2025
Context window262K256K
Input $/Mtok$0.15$0.10
Output $/Mtok$0.60$0.30
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it10
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mistral Small 4 better than Mistral Small 3.2 24B for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mistral Small 4 for a larger context window (262K against 256K tokens).

Which is cheaper, Mistral Small 4 or Mistral Small 3.2 24B?

Mistral Small 4 costs $0.15 per million input tokens and $0.60 per million output tokens; Mistral Small 3.2 24B costs $0.10 and $0.30. Cost per solved task is known for neither of them.

Which has the bigger context window, Mistral Small 4 or Mistral Small 3.2 24B?

Mistral Small 4, with 262K tokens against 256K.

Has any benchmark tested both Mistral Small 4 and Mistral Small 3.2 24B?

No benchmark has tested both yet. Mistral Small 4 has results on AA Coding Index, Vibe Code Bench (Vals AI) and SciCode; Mistral Small 3.2 24B on Design Arena: websites, Design Arena: UI components and Design Arena: game dev. Compare them on price and context instead. Data as of October 21, 2026.

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