Mistral Small 3.2 vs Nemotron 3 Ultra 550B A55B (Reasoning)

Which is better for the money: Mistral Small 3.2 by Mistral or Nemotron 3 Ultra 550B A55B (Reasoning) by NVIDIA? Intelligence, total benchmark cost, and end-to-end time from Artificial Analysis & other sources, snapshot 2026-10-26.

Trade-off

MistralMistral Small 3.2Off the frontier

Intelligence: 7.00
Total cost: $122

NVIDIANemotron 3 Ultra 550B A55B (Reasoning)Off the frontier

Intelligence: 22.90
Total cost: $596

Verdict

Depends on your budget

Nemotron 3 Ultra 550B A55B (Reasoning) scores 15.9 points higher (22.9 vs 7.0) but costs 4.9× as much to run the benchmark ($596 vs $122; premium vs mid-range cost classes). They are not alternatives at one budget: pick Nemotron 3 Ultra 550B A55B (Reasoning) when you need intelligence above 7.0, and Mistral Small 3.2 when 7.0 is enough.

Metric	Mistral Small 3.2	Nemotron 3 Ultra 550B A55B (Reasoning)	Difference
Intelligence (higher is better)	7.0	22.9	+227.1% Nemotron 3 Ultra 550B… is 3.3× more intelligent
Total AA cost (lower is better)	$121.78	$596.33	+389.7% Nemotron 3 Ultra 550B… is 4.9× more expensive
End-to-end time (lower is better)	10.52s	15.27s	+45.2% Nemotron 3 Ultra 550B… is 45.2% slower
Price per 1M tokens (in / out)	$0.07 / $0.20	$0.60 / $2.70
Input modalities	Text, Image	Text

Nemotron 3 Ultra 550B A55B (Reasoning) vs Mistral Small 3.2: 227.1% more intelligence, 389.7% more cost to run the AA benchmark, and 45.2% slower end-to-end.

Open this matchup in the interactive picker Mistral Small 3.2: what beats it Nemotron 3 Ultra 550B A55B (Reasoning): what beats it

Today's Pareto frontier

Against the frontier

Mistral Small 3.2 is off the frontier: at the same or lower cost, MiMo-V2.6-Flash scores 37.90 for $110.
Nemotron 3 Ultra 550B A55B (Reasoning) is off the frontier: at the same or lower cost, GPT-6.1 Sol (High) scores 50.20 for $521.

Mistral Small 3.2Nemotron 3 Ultra 550B A55B (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-small-3-2/nvidia-nemotron-3-ultra-550b-a55b · Markdown: /api/v1/compare/mistral-small-3-2/nvidia-nemotron-3-ultra-550b-a55b?format=md · llms.txt · agent skill