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Mistral Small 3.2 24B vs Hermes 4 405B

Mistral Small 3.2 24B costs 10.0x less per output token than Hermes 4 405B ($0.30 vs $3.00 per million). Updated October 22, 2026; no benchmark has tested both models yet.

Replace Mistral Small 3.2 24B Replace Hermes 4 405B
Mistral Small 3.2 24BMistral AI
Coding
No data
Overall
No data
Output $/M
$0.30
N Hermes 4 405BNous Research
Coding
No data
Overall
No data
Output $/M
$3.00
vs $0.30 vs $3.00 per 1M output tokens. Mistral Small 3.2 24B is 10.0x cheaper.

Mistral Small 3.2 24B or Hermes 4 405B: which to pick

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

Pick Mistral Small 3.2 24B for output tokens 10.0x cheaper ($0.30 vs $3.00 per million) and a larger context window (256K against 131K tokens).

Model AMistral Small 3.2 24BMistral AINot benchmarkedNo coding benchmarkNo cost per solved taskModel BHermes 4 405BNous ResearchNot benchmarkedNo coding benchmarkNo cost per solved task

No benchmark has tested both yet. Mistral Small 3.2 24B has results on Design Arena: websites, Design Arena: UI components and Design Arena: game dev; Hermes 4 405B on AA Intelligence Index and Kagi LLM Benchmark. 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 3.2 24B not benchmarked, Hermes 4 405B 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 3.2 24B $0.30 against Hermes 4 405B $3.00 per million output tokens, 10.0x apart.
Context window
Mistral Small 3.2 24B takes 256K tokens, Hermes 4 405B 131K.

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.

IntelligenceDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
Intelligence benchmarks for Mistral Small 3.2 24B and Hermes 4 405B
BenchmarkMistral Small 3.2 24BHermes 4 405BLeader
AA Intelligence IndexNot measured7.5Only Hermes 4 405B measured
Neither model has a result on the other 1 board here
ReasoningDirectional onlyPublic boards, shown as published, kept out of the index1 board measured
Reasoning benchmarks for Mistral Small 3.2 24B and Hermes 4 405B
BenchmarkMistral Small 3.2 24BHermes 4 405BLeader
Kagi LLM BenchmarkNot measured55.8%Only Hermes 4 405B measured
Neither model has a result on the other 21 boards here
Web designDirectional onlyPublic boards, shown as published, kept out of the index5 boards measured
Web design benchmarks for Mistral Small 3.2 24B and Hermes 4 405B
BenchmarkMistral Small 3.2 24BHermes 4 405BLeader
Design Arena: websites896Not measuredOnly Mistral Small 3.2 24B measured
Design Arena: UI components907Not measuredOnly Mistral Small 3.2 24B measured
Design Arena: game dev889Not measuredOnly Mistral Small 3.2 24B measured
Design Arena: data viz929Not measuredOnly Mistral Small 3.2 24B measured
Design Arena: all code categories907Not measuredOnly Mistral Small 3.2 24B measured
Neither model has a result on the other 4 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$0.0003Fits in one request
Hermes 4 405B$0.0025Fits in one request

Mistral Small 3.2 24B costs less

Repository review

50K input + 3K output tokens

Mistral Small 3.2 24B$0.0059Fits in one request
Hermes 4 405B$0.059Fits in one request

Mistral Small 3.2 24B costs less

Agent loop

200K input + 10K output tokens

Mistral Small 3.2 24B$0.023Fits in one request
Hermes 4 405B$0.230Exceeds the context window

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 3.2 24B and Hermes 4 405B
SpecificationMistral Small 3.2 24BNous Hermes 4 405B
MakerMistral AINous Research
WeightsOpen weightsOpen weights
ReleasedJune 20, 2025August 26, 2025
Context window256K131K
Input $/Mtok$0.10$1.00
Output $/Mtok$0.30$3.00
Coding indexNot benchmarkedNot benchmarked
Independent measurements behind it00
Cost per solved taskNot computableNot computable
SourceOpenRouter listingOpenRouter listing

Questions

Is Mistral Small 3.2 24B better than Hermes 4 405B for coding?

Neither model has a coding score yet, so the two cannot be ranked on coding. Pick Mistral Small 3.2 24B for output tokens 10.0x cheaper ($0.30 vs $3.00 per million) and a larger context window (256K against 131K tokens).

Which is cheaper, Mistral Small 3.2 24B or Hermes 4 405B?

Mistral Small 3.2 24B costs $0.10 per million input tokens and $0.30 per million output tokens; Hermes 4 405B costs $1.00 and $3.00. Cost per solved task is known for neither of them.

Which has the bigger context window, Mistral Small 3.2 24B or Hermes 4 405B?

Mistral Small 3.2 24B, with 256K tokens against 131K.

Has any benchmark tested both Mistral Small 3.2 24B and Hermes 4 405B?

No benchmark has tested both yet. Mistral Small 3.2 24B has results on Design Arena: websites, Design Arena: UI components and Design Arena: game dev; Hermes 4 405B on AA Intelligence Index and Kagi LLM Benchmark. Compare them on price and context instead. Data as of October 22, 2026.

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