ZMIME
Comparison · 3 models · Updated Oct 4, 2026

Gemini 2.5 Flash-Lite vs MiniMax-M2 Her vs Mistral Small 3.2

Gemini 2.5 Flash-Lite comes out ahead, 85 to 64 and 45 on our weighted score, though Mistral Small 3.2 is 14% cheaper per token.

  1. Our pick

    Google

    Gemini 2.5 Flash-Lite

    Released Jun 17, 2025

    85/100
    • ECI133.9
    • Price$0.10 / $0.40
    • Context1.05M
    Full specs Remove Gemini 2.5 Flash-Lite

  2. MiniMax

    MiniMax-M2 Her

    Released Jan 23, 2026

    45/100
    • ECI—
    • Price$0.30 / $1.20
    • Context66K
    Full specs Remove MiniMax-M2 Her

  3. Mistral AI

    Mistral Small 3.2

    Released Jun 20, 2025

    64/100
    • ECI131.7
    • Price$0.10 / $0.30
    • Context128K
    Full specs Remove Mistral Small 3.2
01 — Verdict

Gemini 2.5 Flash-Lite is our pick

Gemini 2.5 Flash-Lite is the better all-round choice, scoring 85/100 against Mistral Small 3.2 (64) and MiniMax-M2 Her (45). It leads on inputs & features and context window. Mistral Small 3.2 wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

  • CapabilityNot enough dataNo independent benchmark covers every model here yet
  • Lowest priceMistral Small 3.2Mistral Small 3.2 $0.15 · Gemini 2.5 Flash-Lite $0.175 · MiniMax-M2 Her $0.525 per 1M tokens (3:1 blend)
  • Longest contextGemini 2.5 Flash-LiteGemini 2.5 Flash-Lite 1,048,576 · Mistral Small 3.2 128,000 · MiniMax-M2 Her 65,536 tokens
  • Widest inputsGemini 2.5 Flash-LiteGemini 2.5 Flash-Lite: Text, Images, PDFs, Audio, Video · MiniMax-M2 Her: Text · Mistral Small 3.2: Text, Images
  • Self-hostingMistral Small 3.2Publishes downloadable weights
How the score is built
MeasureWeightGemini 2.5 Flash-LiteMiniMax-M2 HerMistral Small 3.2
Price50%866389
Inputs & features30%1003550
Context window20%611224
Overall100%85/10045/10064/100

Left out because at least one model lacks the data: capability. The remaining weights were rescaled.

02 — Side by side

Every spec in one table

Highlighted cells lead their row. Dashes mean the data is not published.

Gemini 2.5 Flash-Lite vs MiniMax-M2 Her vs Mistral Small 3.2 specifications side by side
SpecificationGemini 2.5 Flash-LiteGoogleMiniMax-M2 HerMiniMaxMistral Small 3.2Mistral AI
Capability
Capabilities Index (ECI)133.9 (best)—131.7
ECI rank#118 of 148 (best)—#123 of 148
GPQA DiamondGraduate-level science questions——49.1%
OTIS Mock AIME 2024–2025Competition mathematics——30.3%
Price per million tokens
Input$0.10 (best)$0.30$0.10 (best)
Output$0.40$1.20$0.30 (best)
Cached input$0.01——
Blended (3:1)$0.175$0.525$0.15 (best)
Long-context rateSame rateSame rateSame rate
Price sourceOfficial Google APIMedian of 4 providersOfficial Mistral API
Limits
Context window1,048,576 tokens (best)65,536 tokens128,000 tokens
Max output65,536 tokens (best)2,048 tokens16,384 tokens
Inputs and features
TextYesYesYes
ImagesYesNoYes
PDFsYesNoNo
AudioYesNoNo
VideoYesNoNo
ReasoningYesYesNo
Tool callingYesYesYes
Structured outputYesNoNo
Availability
WeightsProprietaryProprietaryOpen
API model IDgemini-2.5-flash-lite—mistral-small-2506
API providers20 (best)46
ReleasedJun 17, 2025Jan 23, 2026Jun 20, 2025
Knowledge cutoffJan 2025—Mar 2025
03 — Cost

What would a month cost?

Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.

  • Gemini 2.5 Flash-Lite$1.80
  • MiniMax-M2 Her$5.40
  • Mistral Small 3.2$1.60
04 — Questions

Which should you choose?

Which is better: Gemini 2.5 Flash-Lite, MiniMax-M2 Her or Mistral Small 3.2?

Gemini 2.5 Flash-Lite is the better all-round choice, scoring 85/100 against Mistral Small 3.2 (64) and MiniMax-M2 Her (45). It leads on inputs & features and context window. Mistral Small 3.2 wins on price. The score weighs price 50%, inputs & features 30%, context window 20%. None of the shared benchmarks cover every model here yet, so capability is left out of this verdict.

Which is cheaper, Gemini 2.5 Flash-Lite, MiniMax-M2 Her or Mistral Small 3.2?

Mistral Small 3.2 is cheaper at $0.10 input / $0.30 output per million tokens (official Mistral API price). Gemini 2.5 Flash-Lite costs $0.10 input / $0.40 output per million tokens (official Google API price); MiniMax-M2 Her costs $0.30 input / $1.20 output per million tokens (median across 4 API providers). At a typical mix of three input tokens to one output token, that is $0.15 per million tokens for Mistral Small 3.2 versus $0.175 for Gemini 2.5 Flash-Lite (1.2× as much) and $0.525 for MiniMax-M2 Her (3.5× as much).

Which scores higher on benchmarks?

There is no independent benchmark that covers all three models yet. Gemini 2.5 Flash-Lite has an ECI of 133.9, MiniMax-M2 Her has not been scored yet and Mistral Small 3.2 has an ECI of 131.7.

Which is better for coding?

There are no published SWE-bench Verified results for Gemini 2.5 Flash-Lite, MiniMax-M2 Her and Mistral Small 3.2 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. All three support tool calling for agent workflows.

Which has the bigger context window?

Gemini 2.5 Flash-Lite has the largest context window at 1,048,576 tokens, against 128,000 for Mistral Small 3.2 and 65,536 for MiniMax-M2 Her. Maximum output per response: Gemini 2.5 Flash-Lite up to 65,536, MiniMax-M2 Her up to 2,048, Mistral Small 3.2 up to 16,384 tokens.

Which can read images, PDFs, audio or video?

Gemini 2.5 Flash-Lite accepts text, images, PDFs, audio and video; MiniMax-M2 Her accepts text; Mistral Small 3.2 accepts text and images. Gemini 2.5 Flash-Lite handles the widest range of inputs.

Are any of these open source?

Mistral Small 3.2 publishes its weights and can be self-hosted; Gemini 2.5 Flash-Lite and MiniMax-M2 Her is proprietary.

Which is newer?

MiniMax-M2 Her is the newest, released Jan 23, 2026. Mistral Small 3.2 came out Jun 20, 2025; Gemini 2.5 Flash-Lite came out Jun 17, 2025. Knowledge cutoff: Gemini 2.5 Flash-Lite Jan 2025, Mistral Small 3.2 Mar 2025.

How do you decide the winner?

Each model gets a 0–100 score on capability (50%, independent benchmark results); price (25%, blended price per million tokens (3 input : 1 output), log scale); inputs & features (15%, image, PDF, audio and video input, tool calling, structured output and reasoning); context window (10%, maximum tokens per request, log scale). Dimensions missing for any model are dropped and the remaining weights rescaled, so every model is judged on the same evidence. Specs and prices come from public model listings and the labs’ own API pages; capability scores come from independent benchmark runs. Data updated Oct 4, 2026.

05 — Keep comparing

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