ZMIME
Comparison · 3 models · Updated Oct 4, 2026

Mistral Small 3.2 vs GPT OSS 120B vs Gemini 2.5 Flash-Lite

Gemini 2.5 Flash-Lite comes out ahead, 71 to 61 and 60 on our weighted score, though Mistral Small 3.2 is 14% cheaper per token.

  1. Mistral AI

    Mistral Small 3.2

    Released Jun 20, 2025

    60/100
    • ECI131.7
    • Price$0.10 / $0.30
    • Context128K
  2. OpenAI

    GPT OSS 120B

    Released Aug 5, 2025

    61/100
    • ECI140.0
    • Price$0.15 / $0.60
    • Context131K
  3. Our pick

    Google

    Gemini 2.5 Flash-Lite

    Released Jun 17, 2025

    71/100
    • ECI133.9
    • Price$0.10 / $0.40
    • Context1.05M
01 — Verdict

Gemini 2.5 Flash-Lite is our pick

Gemini 2.5 Flash-Lite is the better all-round choice, scoring 71/100 against GPT OSS 120B (61) and Mistral Small 3.2 (60). It leads on inputs & features and context window. Mistral Small 3.2 wins on price. GPT OSS 120B wins on capability. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

  • CapabilityGPT OSS 120BCapabilities Index (ECI): GPT OSS 120B 140.0 · Gemini 2.5 Flash-Lite 133.9 · Mistral Small 3.2 131.7
  • Lowest priceMistral Small 3.2Mistral Small 3.2 $0.15 · Gemini 2.5 Flash-Lite $0.175 · GPT OSS 120B $0.263 per 1M tokens (3:1 blend)
  • Longest contextGemini 2.5 Flash-LiteGemini 2.5 Flash-Lite 1,048,576 · GPT OSS 120B 131,072 · Mistral Small 3.2 128,000 tokens
  • Widest inputsGemini 2.5 Flash-LiteMistral Small 3.2: Text, Images · GPT OSS 120B: Text · Gemini 2.5 Flash-Lite: Text, Images, PDFs, Audio, Video
  • Self-hostingMistral Small 3.2 and GPT OSS 120BPublishes downloadable weights
How the score is built
MeasureWeightMistral Small 3.2GPT OSS 120BGemini 2.5 Flash-Lite
CapabilityCapabilities Index (ECI)50%556558
Price25%897786
Inputs & features15%5045100
Context window10%242461
Overall100%60/10061/10071/100
02 — Side by side

Every spec in one table

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

Mistral Small 3.2 vs GPT OSS 120B vs Gemini 2.5 Flash-Lite specifications side by side
SpecificationMistral Small 3.2Mistral AIGPT OSS 120BOpenAIGemini 2.5 Flash-LiteGoogle
Capability
Capabilities Index (ECI)131.7140.0 (best)133.9
ECI rank#123 of 148#99 of 148 (best)#118 of 148
GPQA DiamondGraduate-level science questions49.1%75.8% (best)—
OTIS Mock AIME 2024–2025Competition mathematics30.3%88.9% (best)—
Price per million tokens
Input$0.10 (best)$0.15$0.10 (best)
Output$0.30 (best)$0.60$0.40
Cached input——$0.01
Blended (3:1)$0.15 (best)$0.263$0.175
Long-context rateSame rateSame rateSame rate
Price sourceOfficial Mistral APIMedian of 36 providersOfficial Google API
Limits
Context window128,000 tokens131,072 tokens1,048,576 tokens (best)
Max output16,384 tokens32,768 tokens65,536 tokens (best)
Inputs and features
TextYesYesYes
ImagesYesNoYes
PDFsNoNoYes
AudioNoNoYes
VideoNoNoYes
ReasoningNoYesYes
Tool callingYesYesYes
Structured outputNoYesYes
Availability
WeightsOpenOpenProprietary
API model IDmistral-small-2506—gemini-2.5-flash-lite
API providers639 (best)20
ReleasedJun 20, 2025Aug 5, 2025Jun 17, 2025
Knowledge cutoffMar 2025—Jan 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.

  • Mistral Small 3.2$1.60
  • GPT OSS 120B$2.70
  • Gemini 2.5 Flash-Lite$1.80
04 — Questions

Which should you choose?

Which is better: Mistral Small 3.2, GPT OSS 120B or Gemini 2.5 Flash-Lite?

Gemini 2.5 Flash-Lite is the better all-round choice, scoring 71/100 against GPT OSS 120B (61) and Mistral Small 3.2 (60). It leads on inputs & features and context window. Mistral Small 3.2 wins on price. GPT OSS 120B wins on capability. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

Which is cheaper, Mistral Small 3.2, GPT OSS 120B or Gemini 2.5 Flash-Lite?

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); GPT OSS 120B costs $0.15 input / $0.60 output per million tokens (median across 36 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 $0.263 for GPT OSS 120B (1.8× as much).

Which scores higher on benchmarks?

GPT OSS 120B scores higher on the Capabilities Index (ECI): GPT OSS 120B 140.0 (#99 of 148), Gemini 2.5 Flash-Lite 133.9 (#118 of 148) and Mistral Small 3.2 131.7 (#123 of 148). The confidence ranges of the top two overlap (135.3–142.3 vs 129.8–136.3), so treat the gap as small.

Which is better for coding?

There are no published SWE-bench Verified results for Mistral Small 3.2, GPT OSS 120B and Gemini 2.5 Flash-Lite yet, so there is no like-for-like coding score. On overall capability, GPT OSS 120B leads, which tends to carry over to coding, but test on your own codebase. 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 131,072 for GPT OSS 120B and 128,000 for Mistral Small 3.2. Maximum output per response: Mistral Small 3.2 up to 16,384, GPT OSS 120B up to 32,768, Gemini 2.5 Flash-Lite up to 65,536 tokens.

Which can read images, PDFs, audio or video?

Mistral Small 3.2 accepts text and images; GPT OSS 120B accepts text; Gemini 2.5 Flash-Lite accepts text, images, PDFs, audio and video. Gemini 2.5 Flash-Lite handles the widest range of inputs.

Are any of these open source?

Mistral Small 3.2 and GPT OSS 120B publishes its weights and can be self-hosted; Gemini 2.5 Flash-Lite is proprietary.

Which is newer?

GPT OSS 120B is the newest, released Aug 5, 2025. Mistral Small 3.2 came out Jun 20, 2025; Gemini 2.5 Flash-Lite came out Jun 17, 2025. Knowledge cutoff: Mistral Small 3.2 Mar 2025, Gemini 2.5 Flash-Lite Jan 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.