# MiniMax-M2 vs Mistral Small 3.2

> MiniMax-M2 is the stronger model overall, scoring 36.9 to 30.8 on the Noometry Index. Mistral Small 3.2 costs 4.0× less per token, which makes it the better buy when MiniMax-M2's lead doesn't matter for your workload.

- Canonical page: https://noometry.com/compare/minimax-m2-vs-mistral-small-3-2
- Last updated: 2026-10-10
- Shared benchmarks: 1

## Summary

- They share 1 benchmark with published results for both. MiniMax-M2 scores higher in 4 categories and Mistral Small 3.2 in 0 categories; 4 gaps are clear of the uncertainty.
- The widest gap is in math, where MiniMax-M2 leads 34.6 to 24.9.
- The biggest single-benchmark swing is Kagi LLM Benchmark: 57.8% for MiniMax-M2 and 40.4% for Mistral Small 3.2.
- Mistral Small 3.2 is cheaper at $0.0938 / $0.25 per million input/output tokens, against $0.30 / $1.20 for MiniMax-M2.
- Mistral Small 3.2 accepts more context: 256K tokens versus 205K.

## Snapshot

| | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| Provider | MiniMax | Mistral AI |
| Noometry Index | 36.9 | 30.8 |
| Rank | 201 | 271 |
| Context | 205K | 256K |
| Input $/M | $0.30 | $0.0938 |
| Output $/M | $1.20 | $0.25 |
| Weights | Open | Open |

## Coding

- MiniMax-M2: 39.1 (#151)
- Mistral Small 3.2: —

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| SWE-bench Verified (bash only) | 61% | — |
| LMArena WebDev | 1297 | — |
| LMArena Coding | 1370 | — |

## Agentic & Tool Use

- MiniMax-M2: 24.9 (#102)
- Mistral Small 3.2: —

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| Terminal-Bench | 30% | — |
| Vending-Bench 2 | 160.6 | — |

## Reasoning

- MiniMax-M2: 18.6 (#256)
- Mistral Small 3.2: 17.5 (#282)

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| Kagi LLM Benchmark | 57.8% | 40.4% |
| NYT Connections (extended) | 14.8% | — |
| Chess Puzzles | — | 1% |
| LMArena Hard Prompts | 1357 | — |
| Epoch Capabilities Index | — | 131.73 |

## Math

- MiniMax-M2: 34.6 (#158)
- Mistral Small 3.2: 24.9 (#251)

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| OTIS Mock AIME 2024-2025 | — | 30.3% |
| LMArena Math | 1350 | — |

## Knowledge

- MiniMax-M2: 36.3 (#160)
- Mistral Small 3.2: 26.8 (#249)

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| GPQA Diamond | — | 49.1% |
| LMArena Expert | 1336 | — |

## Multilingual

- MiniMax-M2: 45.6 (#165)
- Mistral Small 3.2: —

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| LMArena Non-English | 1314 | — |
| LMArena Chinese | 1367 | — |
| LMArena French | 1336 | — |
| LMArena German | 1366 | — |
| LMArena Russian | 1332 | — |
| LMArena Spanish | 1326 | — |

## Instruction Following

- MiniMax-M2: 70.4 (#160)
- Mistral Small 3.2: —

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| LMArena Instruction Following | 1329 | — |

## Long Context

- MiniMax-M2: 40.5 (#148)
- Mistral Small 3.2: —

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| LMArena Longer Query | 1332 | — |

## Writing & Preference

- MiniMax-M2: 53.3 (#157)
- Mistral Small 3.2: 45.1 (#219)

| Benchmark | MiniMax-M2 | Mistral Small 3.2 |
|---|---|---|
| LMArena Text | 1340 | — |
| LMArena Creative Writing | 1288 | — |
| EQ-Bench Creative Writing | — | 1255 |
| LMArena Multi-Turn | 1362 | — |

## FAQ

### Is MiniMax-M2 better than Mistral Small 3.2?

MiniMax-M2 is the stronger model overall, scoring 36.9 to 30.8 on the Noometry Index. Mistral Small 3.2 costs 4.0× less per token, which makes it the better buy when MiniMax-M2's lead doesn't matter for your workload.

### Which is cheaper, MiniMax-M2 or Mistral Small 3.2?

Mistral Small 3.2 is cheaper. It lists at $0.0938 per million input tokens and $0.25 per million output tokens; MiniMax-M2 lists at $0.30 and $1.20.

### Which has the bigger context window?

Mistral Small 3.2 does, with 256K tokens against 205K.

### How many benchmarks do MiniMax-M2 and Mistral Small 3.2 share?

1 benchmark has published results for both models. MiniMax-M2 has 21 scored results on Noometry and Mistral Small 3.2 has 6.