Claude 4.5 Haiku (Reasoning) vs Mistral Large 4 Preview
Which is better for the money: Claude 4.5 Haiku (Reasoning) by Anthropic or Mistral Large 4 Preview by Mistral? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-25.
Trade-off
Verdict
Depends on your budget
Mistral Large 4 Preview scores 21.5 points higher (38.4 vs 16.9) but costs 2.7× as much to run the benchmark ($1608 vs $594; both premium class). Pick Mistral Large 4 Preview when the extra intelligence is worth the premium, otherwise Claude 4.5 Haiku (Reasoning).
| Metric | Claude 4.5 Haiku (Reasoning) | Mistral Large 4 Preview | Difference |
|---|---|---|---|
| Intelligence (higher is better) | 16.9 | 38.4 | +127.2% Mistral Large 4 Previ… is 2.3× more intelligent |
| Total AA cost (lower is better) | $594.08 | $1,607.86 | +170.6% Mistral Large 4 Previ… is 2.7× more expensive |
| End-to-end time (lower is better) | 23.70s | 24.31s | +2.6% Mistral Large 4 Previ… is 2.6% slower |
| Price per 1M tokens (in / out) | $1.00 / $5.00 | $1.36 / $4.18 | |
| Input modalities | Text, Image | Text, Image |
Mistral Large 4 Preview vs Claude 4.5 Haiku (Reasoning): 127.2% more intelligence, 170.6% more cost to run the AA benchmark, and 2.6% slower end-to-end.
Today's Pareto frontier
Against the frontier
- Claude 4.5 Haiku (Reasoning) is off the frontier: at the same or lower cost, GPT-6.1 Sol (High) scores 50.20 for $521.
- Mistral Large 4 Preview is off the frontier: at the same or lower cost, GPT-6.1 Sol (Max) scores 51.80 for $1082.
Claude 4.5 Haiku (Reasoning)Mistral Large 4 PreviewToday's Pareto frontierEvery other model
Matchup
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