ZMIME
Comparison · 3 models · Updated Oct 4, 2026

Mistral Small 3.2 vs Mistral Small 3.1 24B vs Gemini 2.5 Flash-Lite

Gemini 2.5 Flash-Lite comes out ahead, 71 to 60 and 55 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
    Full specs Remove Mistral Small 3.2

  2. Mistral AI

    Mistral Small 3.1 24B

    Released Mar 17, 2025

    55/100
    • ECI127.5
    • Price$0.229 / $0.436
    • Context128K
    Full specs Remove Mistral Small 3.1 24B
  3. Our pick

    Google

    Gemini 2.5 Flash-Lite

    Released Jun 17, 2025

    71/100
    • ECI133.9
    • Price$0.10 / $0.40
    • Context1.05M
    Full specs Remove Gemini 2.5 Flash-Lite
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 Mistral Small 3.2 (60) and Mistral Small 3.1 24B (55). It leads on capability, inputs & features and context window. Mistral Small 3.2 wins on price. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

  • CapabilityGemini 2.5 Flash-LiteCapabilities Index (ECI): Gemini 2.5 Flash-Lite 133.9 · Mistral Small 3.2 131.7 · Mistral Small 3.1 24B 127.5
  • Lowest priceMistral Small 3.2Mistral Small 3.2 $0.15 · Gemini 2.5 Flash-Lite $0.175 · Mistral Small 3.1 24B $0.281 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 · Mistral Small 3.1 24B 128,000 tokens
  • Widest inputsGemini 2.5 Flash-LiteMistral Small 3.2: Text, Images · Mistral Small 3.1 24B: Text, Images · Gemini 2.5 Flash-Lite: Text, Images, PDFs, Audio, Video
  • Self-hostingMistral Small 3.2 and Mistral Small 3.1 24BPublishes downloadable weights
How the score is built
MeasureWeightMistral Small 3.2Mistral Small 3.1 24BGemini 2.5 Flash-Lite
CapabilityCapabilities Index (ECI)50%555058
Price25%897686
Inputs & features15%5060100
Context window10%242461
Overall100%60/10055/10071/100
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 Mistral Small 3.1 24B vs Gemini 2.5 Flash-Lite specifications side by side
SpecificationMistral Small 3.2Mistral AIMistral Small 3.1 24BMistral AIGemini 2.5 Flash-LiteGoogle
Capability
Capabilities Index (ECI)131.7127.5133.9 (best)
ECI rank#123 of 148#132 of 148#118 of 148 (best)
GPQA DiamondGraduate-level science questions49.1% (best)47.5%—
OTIS Mock AIME 2024–2025Competition mathematics30.3% (best)5.8%—
Price per million tokens
Input$0.10 (best)$0.229$0.10 (best)
Output$0.30 (best)$0.436$0.40
Cached input——$0.01
Blended (3:1)$0.15 (best)$0.281$0.175
Long-context rateSame rateSame rateSame rate
Price sourceOfficial Mistral APIMedian of 2 providersOfficial Google API
Limits
Context window128,000 tokens128,000 tokens1,048,576 tokens (best)
Max output16,384 tokens16,384 tokens65,536 tokens (best)
Inputs and features
TextYesYesYes
ImagesYesYesYes
PDFsNoNoYes
AudioNoNoYes
VideoNoNoYes
ReasoningNoNoYes
Tool callingYesYesYes
Structured outputNoYesYes
Availability
WeightsOpenOpenProprietary
API model IDmistral-small-2506—gemini-2.5-flash-lite
API providers6220 (best)
ReleasedJun 20, 2025Mar 17, 2025Jun 17, 2025
Knowledge cutoffMar 2025Jun 2024Jan 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
  • Mistral Small 3.1 24B$3.16
  • Gemini 2.5 Flash-Lite$1.80
04 — Questions

Which should you choose?

Which is better: Mistral Small 3.2, Mistral Small 3.1 24B or Gemini 2.5 Flash-Lite?

Gemini 2.5 Flash-Lite is the better all-round choice, scoring 71/100 against Mistral Small 3.2 (60) and Mistral Small 3.1 24B (55). It leads on capability, inputs & features and context window. Mistral Small 3.2 wins on price. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

Which is cheaper, Mistral Small 3.2, Mistral Small 3.1 24B 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); Mistral Small 3.1 24B costs $0.229 input / $0.436 output per million tokens (median across 2 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 $0.281 for Mistral Small 3.1 24B (1.9× as much).

Which scores higher on benchmarks?

Gemini 2.5 Flash-Lite scores higher on the Capabilities Index (ECI): Gemini 2.5 Flash-Lite 133.9 (#118 of 148), Mistral Small 3.2 131.7 (#123 of 148) and Mistral Small 3.1 24B 127.5 (#132 of 148). The confidence ranges of the top two overlap (129.8–136.3 vs 126.6–133.9), so treat the gap as small.

Which is better for coding?

There are no published SWE-bench Verified results for Mistral Small 3.2, Mistral Small 3.1 24B and Gemini 2.5 Flash-Lite yet, so there is no like-for-like coding score. On overall capability, Gemini 2.5 Flash-Lite 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 128,000 for Mistral Small 3.2 and 128,000 for Mistral Small 3.1 24B. Maximum output per response: Mistral Small 3.2 up to 16,384, Mistral Small 3.1 24B up to 16,384, 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; Mistral Small 3.1 24B accepts text and images; 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 Mistral Small 3.1 24B publishes its weights and can be self-hosted; Gemini 2.5 Flash-Lite is proprietary.

Which is newer?

Mistral Small 3.2 is the newest, released Jun 20, 2025. Gemini 2.5 Flash-Lite came out Jun 17, 2025; Mistral Small 3.1 24B came out Mar 17, 2025. Knowledge cutoff: Mistral Small 3.2 Mar 2025, Mistral Small 3.1 24B Jun 2024, 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.

05 — Keep comparing

Related comparisons