Pixtral 12B vs Phi-4-mini vs Llama-3.2-3B
Pixtral 12B comes out ahead, 64 to 58 and 49 on our weighted score, though Phi-4-mini is 13% cheaper per token.
- Our pick
Mistral AIPixtral 12B
64/100- ECI—
- Price$0.15 / $0.15
- Context128K
MicrosoftPhi-4-mini
58/100- ECI—
- Price$0.075 / $0.30
- Context128K
MetaLlama-3.2-3B
49/100- ECI—
- Price$0.10 / $0.335
- Context131K
Pixtral 12B is our pick
Pixtral 12B is the better all-round choice, scoring 64/100 against Phi-4-mini (58) and Llama-3.2-3B (49). It leads on inputs & features. Phi-4-mini 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 pricePhi-4-miniPhi-4-mini $0.131 · Pixtral 12B $0.15 · Llama-3.2-3B $0.159 per 1M tokens (3:1 blend)
- Longest contextLlama-3.2-3BLlama-3.2-3B 131,072 · Pixtral 12B 128,000 · Phi-4-mini 128,000 tokens
- Widest inputsPixtral 12BPixtral 12B: Text, Images · Phi-4-mini: Text · Llama-3.2-3B: Text
- Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
| Measure | Weight | Pixtral 12B | Phi-4-mini | Llama-3.2-3B |
|---|---|---|---|---|
| Price | 50% | 89 | 92 | 88 |
| Inputs & features | 30% | 50 | 25 | 0 |
| Context window | 20% | 24 | 24 | 24 |
| Overall | 100% | 64/100 | 58/100 | 49/100 |
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 | Pixtral 12BMistral AI | Phi-4-miniMicrosoft | Llama-3.2-3BMeta |
|---|---|---|---|
| Capability | |||
| Capabilities Index (ECI) | — | — | — |
| ECI rank | — | — | — |
| Price per million tokens | |||
| Input | $0.15 | $0.075 (best) | $0.10 |
| Output | $0.15 (best) | $0.30 | $0.335 |
| Cached input | — | — | — |
| Blended (3:1) | $0.15 | $0.131 (best) | $0.159 |
| Long-context rate | Same rate | Same rate | Same rate |
| Price source | Official Mistral API | Official Azure API | Median of 3 providers |
| Limits | |||
| Context window | 128,000 tokens | 128,000 tokens | 131,072 tokens (best) |
| Max output | 128,000 tokens (best) | 4,096 tokens | 8,192 tokens |
| Inputs and features | |||
| Text | Yes | Yes | Yes |
| Images | Yes | No | No |
| PDFs | No | No | No |
| Audio | No | No | No |
| Video | No | No | No |
| Reasoning | No | No | No |
| Tool calling | Yes | Yes | No |
| Structured output | No | No | No |
| Availability | |||
| Weights | Open | Open | OpenLlama 3.2 Community License |
| API model ID | pixtral-12b | phi-4-mini | — |
| API providers | 4 (best) | 1 | 3 |
| Released | Sep 1, 2024 | Dec 11, 2024 | Sep 25, 2024 |
| Knowledge cutoff | Sep 2024 | Oct 2023 | Dec 2023 |
What would a month cost?
Enter your expected volume in millions of tokens. List prices only; caching and batch discounts would lower these.
- Pixtral 12B$1.80
- Phi-4-mini$1.35
- Llama-3.2-3B$1.67
Which should you choose?
Which is better: Pixtral 12B, Phi-4-mini or Llama-3.2-3B?
Pixtral 12B is the better all-round choice, scoring 64/100 against Phi-4-mini (58) and Llama-3.2-3B (49). It leads on inputs & features. Phi-4-mini 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, Pixtral 12B, Phi-4-mini or Llama-3.2-3B?
Phi-4-mini is cheaper at $0.075 input / $0.30 output per million tokens (official Azure API price). Pixtral 12B costs $0.15 input / $0.15 output per million tokens (official Mistral API price); Llama-3.2-3B costs $0.10 input / $0.335 output per million tokens (median across 3 API providers). At a typical mix of three input tokens to one output token, that is $0.131 per million tokens for Phi-4-mini versus $0.15 for Pixtral 12B (1.1× as much) and $0.159 for Llama-3.2-3B (1.2× as much).
Which scores higher on benchmarks?
There is no independent benchmark that covers all three models yet. Pixtral 12B has not been scored yet, Phi-4-mini has not been scored yet and Llama-3.2-3B has not been scored yet.
Which is better for coding?
There are no published SWE-bench Verified results for Pixtral 12B, Phi-4-mini and Llama-3.2-3B yet, so there is no like-for-like coding score. Test both on a sample of your own tasks. Note that Llama-3.2-3B does not support tool calling, which most coding agents need.
Which has the bigger context window?
Llama-3.2-3B has the largest context window at 131,072 tokens, against 128,000 for Pixtral 12B and 128,000 for Phi-4-mini. Maximum output per response: Pixtral 12B up to 128,000, Phi-4-mini up to 4,096, Llama-3.2-3B up to 8,192 tokens.
Which can read images, PDFs, audio or video?
Pixtral 12B accepts text and images; Phi-4-mini accepts text; Llama-3.2-3B accepts text. Pixtral 12B handles the widest range of inputs.
Are any of these open source?
Yes, all three publish their weights (Llama 3.2 Community License), so you can self-host them.
Which is newer?
Phi-4-mini is the newest, released Dec 11, 2024. Llama-3.2-3B came out Sep 25, 2024; Pixtral 12B came out Sep 1, 2024. Knowledge cutoff: Pixtral 12B Sep 2024, Phi-4-mini Oct 2023, Llama-3.2-3B Dec 2023.
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.
