Mistral Large 3 vs Mistral Small 4 (Reasoning)

Which is better for the money: Mistral Large 3 by Mistral or Mistral Small 4 (Reasoning) by Mistral? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-24.

Clear winner

MistralMistral Large 3Off the frontier

Intelligence: 9.30
Total cost: $46.4

MistralMistral Small 4 (Reasoning)On the open-weights frontier

Intelligence: 11.30
Total cost: $42.5

Verdict

Pick Mistral Small 4 (Reasoning)

Mistral Small 4 (Reasoning) vs Mistral Large 3: 21.5% more intelligence, 8.4% less cost to run the AA benchmark, and 101.9% slower end-to-end.

Metric	Mistral Large 3	Mistral Small 4 (Reasoning)	Difference
Intelligence (higher is better)	9.3	11.3	+21.5% Mistral Small 4 (Reas… is 21.5% more intelligent
Total AA cost (lower is better)	$46.41	$42.50	−8.4% Mistral Small 4 (Reas… is 8.4% cheaper
End-to-end time (lower is better)	7.18s	14.50s	+101.9% Mistral Small 4 (Reas… is 101.9% slower
Price per 1M tokens (in / out)	$0.50 / $1.50	$0.15 / $0.60
Input modalities	Text, Image	Text, Image

Open this matchup in the interactive picker Mistral Large 3: what beats it Mistral Small 4 (Reasoning): what beats it

Today's Pareto frontier

Against the frontier

Mistral Large 3 is off the frontier: at the same or lower cost, GPT-6 Luna (Medium) scores 29.90 for $31.2.
Mistral Small 4 (Reasoning) is off the frontier: at the same or lower cost, GPT-6 Luna (Medium) scores 29.90 for $31.2.

Mistral Large 3Mistral Small 4 (Reasoning)Today's Pareto frontierOpen-weights frontierEvery other model

Matchup

Compare something else

Agents: Accept: text/markdown or ?format=md returns this page as Markdown. JSON: /api/v1/compare/mistral-large-3/mistral-small-4 · Markdown: /api/v1/compare/mistral-large-3/mistral-small-4?format=md · llms.txt · agent skill