MiniMax-M2 Her vs Mistral Large 3
Mistral Large 3 comes out ahead, 52 to 43 on our weighted score, though MiniMax-M2 Her is 30% cheaper per token.
MiniMaxMiniMax-M2 Her
43/100- ECI—
- Price$0.30 / $1.20
- Context66K
- Our pick
Mistral AIMistral Large 3
52/100- ECI—
- Price$0.50 / $1.50
- Context262K
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Make it a three-way comparison.
Mistral Large 3 is our pick
Mistral Large 3 is the better all-round choice, scoring 52/100 against MiniMax-M2 Her (43). It leads on inputs & features and context window. MiniMax-M2 Her 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 priceMiniMax-M2 HerMiniMax-M2 Her $0.525 · Mistral Large 3 $0.75 per 1M tokens (3:1 blend)
- Longest contextMistral Large 3Mistral Large 3 262,144 · MiniMax-M2 Her 65,536 tokens
- Widest inputsMistral Large 3MiniMax-M2 Her: Text · Mistral Large 3: Text, Images
- Self-hostingMistral Large 3Publishes downloadable weights
| Measure | Weight | MiniMax-M2 Her | Mistral Large 3 |
|---|---|---|---|
| Price | 50% | 60 | 53 |
| Inputs & features | 30% | 35 | 60 |
| Context window | 20% | 12 | 37 |
| Overall | 100% | 43/100 | 52/100 |
Left out because at least one model lacks the data: capability. The remaining weights were rescaled.
Every spec in one table
Highlighted cells lead their row. Dashes mean the data is not published.
| Specification | MiniMax-M2 HerMiniMax | Mistral Large 3Mistral AI |
|---|---|---|
| Capability | ||
| Capabilities Index (ECI) | — | — |
| ECI rank | — | — |
| Price per million tokens | ||
| Input | $0.30 (best) | $0.50 |
| Output | $1.20 (best) | $1.50 |
| Cached input | — | $0.05 |
| Blended (3:1) | $0.525 (best) | $0.75 |
| Long-context rate | Same rate | Same rate |
| Price source | Median of 3 providers | Official Mistral API |
| Limits | ||
| Context window | 65,536 tokens | 262,144 tokens (best) |
| Max output | 2,048 tokens | 262,144 tokens (best) |
| Inputs and features | ||
| Text | Yes | Yes |
| Images | No | Yes |
| PDFs | No | No |
| Audio | No | No |
| Video | No | No |
| Reasoning | Yes | No |
| Tool calling | Yes | Yes |
| Structured output | No | Yes |
| Availability | ||
| Weights | Proprietary | Open |
| API model ID | — | mistral-large-2512 |
| API providers | 3 | 17 (best) |
| Released | Jan 23, 2026 | Dec 2, 2025 |
| Knowledge cutoff | — | Nov 2024 |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- MiniMax-M2 Her$5.40
- Mistral Large 3$8.00
Which should you choose?
Which is better: MiniMax-M2 Her or Mistral Large 3?
Mistral Large 3 is the better all-round choice, scoring 52/100 against MiniMax-M2 Her (43). It leads on inputs & features and context window. MiniMax-M2 Her 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, MiniMax-M2 Her or Mistral Large 3?
MiniMax-M2 Her is cheaper at $0.30 input / $1.20 output per million tokens (median across 3 API providers). Mistral Large 3 costs $0.50 input / $1.50 output per million tokens (official Mistral API price). At a typical mix of three input tokens to one output token, that is $0.525 per million tokens for MiniMax-M2 Her versus $0.75 for Mistral Large 3 (1.4× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers both models yet. MiniMax-M2 Her has not been scored yet and Mistral Large 3 has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for MiniMax-M2 Her and Mistral Large 3 yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Both support tool calling for agent workflows.
Which has the bigger context window?
Mistral Large 3 has the largest context window at 262,144 tokens, against 65,536 for MiniMax-M2 Her. Maximum output per response: MiniMax-M2 Her up to 2,048, Mistral Large 3 up to 262,144 tokens.
Which can read images, PDFs, audio or video?
MiniMax-M2 Her accepts text; Mistral Large 3 accepts text and images. Mistral Large 3 handles the widest range of inputs.
Are any of these open source?
Mistral Large 3 publishes its weights and can be self-hosted; MiniMax-M2 Her is proprietary.
Which is newer?
MiniMax-M2 Her is the newest, released Jan 23, 2026. Mistral Large 3 came out Dec 2, 2025. Knowledge cutoff: Mistral Large 3 Nov 2024.
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 Nov 2, 2026.
