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MiniMax M3.1 Flash vs Mistral Small 3.2 24B Instruct

MiniMax M3.1 Flash leads the LLM Stats Score 48.5 to 8.1. Mistral Small 3.2 24B Instruct is 2.5x cheaper per token.

MiniMax · Mistral AI · Updated for 2026

Which is better?

MiniMax M3.1 Flash leads the overall LLM Stats Score 48.5 to 8.1, ranking #29 overall.

On price, Mistral Small 3.2 24B Instruct is roughly 2.5x cheaper per token on a blended 3:1 input/output basis, which adds up quickly at production volume.

MiniMax M3.1 Flash also accepts a larger context window (1,000,000 input tokens), making it the stronger choice for long documents and large codebases.

Based on current LLM Stats indexes, shared benchmarks, pricing, and model metadata for 2026.

Choose MiniMax M3.1 Flash

  • overall performance matters — it scores 48.5 and ranks #29 on LLM Stats
  • your work emphasizes reasoning — it leads those capability indexes
  • you process long inputs — it offers a 1,000,000 token context window
  • you want the most recent training data — it shipped Oct 2026

Choose Mistral Small 3.2 24B Instruct

  • cost matters — it's about 2.5x cheaper per token
  • you need open weights you can self-host or fine-tune

At a glance

The differences that matter most.

MiniMax M3.1 Flash
MiniMax
Mistral Small 3.2 24B Instruct
Mistral AI
Core performance indexes
LLM Stats Score
48.5
#29
8.1
#302
Reasoning
45.8
#34
7.6
#303
Cost, coverage & limits
Benchmark wins
—
—
Input price
$0.15 / M
$0.07 / M
Output price
$0.60 / M
$0.20 / M
Context window
1,000,000
128,000

Capability indexes

Additional strengths measured across groups of related public benchmarks

2 shared
Index
MiniMax M3.1 Flash
Mistral Small 3.2 24B Instruct
Vision
28.8#42
10.0#141
Multimodal
30.2#38
13.0#120
Conservative TrueSkill rating · higher is betterHow scores work

Individual benchmarks

14 reported for MiniMax M3.1 Flash · 15 for Mistral Small 3.2 24B Instruct

No common benchmarks found

MiniMax M3.1 Flash and Mistral Small 3.2 24B Instructdon't have any common benchmark datasets to compare. They may have been evaluated on different testing suites.

Human preference

Blind head-to-head votes and playground preference scores

Pricing Analysis

Price comparison per million tokens

Mistral Small 3.2 24B Instruct costs less

For input processing, MiniMax M3.1 Flash ($0.15/1M tokens) is 2.0x more expensive than Mistral Small 3.2 24B Instruct ($0.07/1M tokens).

For output processing, MiniMax M3.1 Flash ($0.60/1M tokens) is 3.0x more expensive than Mistral Small 3.2 24B Instruct ($0.20/1M tokens).

In conclusion, MiniMax M3.1 Flash is more expensive than Mistral Small 3.2 24B Instruct.*

* Using a 3:1 ratio of input to output tokens

Lowest available price from all providers
Tue Oct 20 2026 • llm-stats.com
MiniMax
MiniMax M3.1 Flash
Input tokens$0.15
Output tokens$0.60
Best providerMiniMax
Mistral AI
Mistral Small 3.2 24B Instruct
Input tokens$0.07
Output tokens$0.20
Best providerDeepinfra
Notice missing or incorrect data?

Context Window

Maximum input and output token capacity

MiniMax M3.1 Flash accepts 1,000,000 input tokens compared to Mistral Small 3.2 24B Instruct's 128,000 tokens. MiniMax M3.1 Flash can generate longer responses up to 524,288 tokens, while Mistral Small 3.2 24B Instruct is limited to 128,000 tokens.

MiniMax
MiniMax M3.1 Flash
Input1,000,000 tokens
Output524,288 tokens
Mistral AI
Mistral Small 3.2 24B Instruct
Input128,000 tokens
Output128,000 tokens
Tue Oct 20 2026 • llm-stats.com

Input capabilities

Documented input modalities across available providers

Both MiniMax M3.1 Flash and Mistral Small 3.2 24B Instruct support multimodal inputs.

They are both capable of processing various types of data, offering versatility in application.

MiniMax M3.1 Flash

Text
Images
Audio
Video

Mistral Small 3.2 24B Instruct

Text
Images
Audio
Video

License

Usage and distribution terms

MiniMax M3.1 Flash is licensed under a proprietary license, while Mistral Small 3.2 24B Instruct uses Apache 2.0.

License differences may affect how you can use these models in commercial or open-source projects.

MiniMax M3.1 Flash

Proprietary

Closed source

Mistral Small 3.2 24B Instruct

Apache 2.0

Open weights

Release Timeline

When each model was launched

MiniMax M3.1 Flash was released on 2026-10-19, while Mistral Small 3.2 24B Instruct was released on 2025-06-20.

MiniMax M3.1 Flash is 16 months newer than Mistral Small 3.2 24B Instruct.

MiniMax M3.1 Flash

Oct 19, 2026

0 days ago

1.3yr newer
Mistral Small 3.2 24B Instruct

Jun 20, 2025

1.3 years ago

Knowledge Cutoff

When training data ends

Mistral Small 3.2 24B Instruct has a documented knowledge cutoff of 2023-10-01, while MiniMax M3.1 Flash's cutoff date is not specified.

We can confirm Mistral Small 3.2 24B Instruct's training data extends to 2023-10-01, but cannot make a direct comparison without MiniMax M3.1 Flash's cutoff date.

MiniMax M3.1 Flash

—

Mistral Small 3.2 24B Instruct

Oct 2023

Provider Availability

MiniMax M3.1 Flash is available from MiniMax. Mistral Small 3.2 24B Instruct is available from DeepInfra.

MiniMax M3.1 Flash

minimax logo
MiniMax
Input Price:Input: $0.15/1MOutput Price:Output: $0.60/1M

Mistral Small 3.2 24B Instruct

deepinfra logo
Deepinfra
Input Price:Input: $0.07/1MOutput Price:Output: $0.20/1M
* Prices shown are per million tokens

Outputs Comparison

Notice missing or incorrect data?

Judge for yourself.

Run your own prompts against MiniMax M3.1 Flash and Mistral Small 3.2 24B Instruct side-by-side, then vote on the output you prefer.

MiniMax M3.1 Flash
✓ Preferred
Mistral Small 3.2 24B Instruct
Open in Playground

FAQ

Common questions about MiniMax M3.1 Flash vs Mistral Small 3.2 24B Instruct.

Which is better, MiniMax M3.1 Flash or Mistral Small 3.2 24B Instruct?

MiniMax M3.1 Flash leads the LLM Stats Score 48.5 to 8.1. MiniMax M3.1 Flash is made by MiniMax and Mistral Small 3.2 24B Instruct is made by Mistral AI. The best choice depends on your use case — compare their capability indexes, individual benchmarks, pricing, and limits above.

How does MiniMax M3.1 Flash compare to Mistral Small 3.2 24B Instruct in benchmarks?

MiniMax M3.1 Flash scores BabyVision: 91.0%, CharXiv-R: 82.5%, CyberGym: 82.2%, BankerToolBench: 76.2%, DeepSWE 1.1: 73.7%. Mistral Small 3.2 24B Instruct scores DocVQA: 94.9%, AI2D: 92.9%, HumanEval Plus: 92.9%, ChartQA: 87.4%, IF: 84.8%.

Is MiniMax M3.1 Flash cheaper than Mistral Small 3.2 24B Instruct?

Mistral Small 3.2 24B Instruct is 2.0x cheaper for input tokens. MiniMax M3.1 Flash costs $0.15/M input and $0.60/M output via minimax. Mistral Small 3.2 24B Instruct costs $0.07/M input and $0.20/M output via deepinfra.

What are the context window sizes for MiniMax M3.1 Flash and Mistral Small 3.2 24B Instruct?

MiniMax M3.1 Flash supports 1.0M tokens and Mistral Small 3.2 24B Instruct supports 128K tokens. A larger context window lets you process longer documents, conversations, or codebases in a single request.

What are the main differences between MiniMax M3.1 Flash and Mistral Small 3.2 24B Instruct?

Key differences include LLM Stats Score (48.5 vs 8.1), context window (1.0M vs 128K), input pricing ($0.15 vs $0.07/M), licensing (Proprietary vs Apache 2.0). See the full comparison above for benchmark-by-benchmark results.

Who makes MiniMax M3.1 Flash and Mistral Small 3.2 24B Instruct?

MiniMax M3.1 Flash is developed by MiniMax and Mistral Small 3.2 24B Instruct is developed by Mistral AI.

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