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Comparison · 2 models · Updated Oct 4, 2026

Pixtral 12B vs Phi-4-mini

Pixtral 12B comes out ahead, 64 to 58 on our weighted score, though Phi-4-mini is 13% cheaper per token.

  1. Our pick

    Mistral AI

    Pixtral 12B

    Released Sep 1, 2024

    64/100
    • ECI—
    • Price$0.15 / $0.15
    • Context128K
  2. Microsoft

    Phi-4-mini

    Released Dec 11, 2024

    58/100
    • ECI—
    • Price$0.075 / $0.30
    • Context128K
  3. Add a model

    Make it a three-way comparison.

01 — Verdict

Pixtral 12B is our pick

Pixtral 12B is the better all-round choice, scoring 64/100 against Phi-4-mini (58). 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 per 1M tokens (3:1 blend)
  • Longest contextAbout the samePixtral 12B 128,000 · Phi-4-mini 128,000 tokens
  • Widest inputsPixtral 12BPixtral 12B: Text, Images · Phi-4-mini: Text
  • Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
How the score is built
MeasureWeightPixtral 12BPhi-4-mini
Price50%8992
Inputs & features30%5025
Context window20%2424
Overall100%64/10058/100

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.

Pixtral 12B vs Phi-4-mini specifications side by side
SpecificationPixtral 12BMistral AIPhi-4-miniMicrosoft
Capability
Capabilities Index (ECI)——
ECI rank——
Price per million tokens
Input$0.15$0.075 (best)
Output$0.15 (best)$0.30
Cached input——
Blended (3:1)$0.15$0.131 (best)
Long-context rateSame rateSame rate
Price sourceOfficial Mistral APIOfficial Azure API
Limits
Context window128,000 tokens128,000 tokens
Max output128,000 tokens (best)4,096 tokens
Inputs and features
TextYesYes
ImagesYesNo
PDFsNoNo
AudioNoNo
VideoNoNo
ReasoningNoNo
Tool callingYesYes
Structured outputNoNo
Availability
WeightsOpenOpen
API model IDpixtral-12bphi-4-mini
API providers4 (best)1
ReleasedSep 1, 2024Dec 11, 2024
Knowledge cutoffSep 2024Oct 2023
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.

  • Pixtral 12B$1.80
  • Phi-4-mini$1.35
04 — Questions

Which should you choose?

Which is better: Pixtral 12B or Phi-4-mini?

Pixtral 12B is the better all-round choice, scoring 64/100 against Phi-4-mini (58). 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 or Phi-4-mini?

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). 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).

Which scores higher on benchmarks?

There is no independent benchmark that covers both models yet. Pixtral 12B has not been scored yet and Phi-4-mini has not been scored yet.

Which is better for coding?

There are no published SWE-bench Verified results for Pixtral 12B and Phi-4-mini 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?

Pixtral 12B and Phi-4-mini share the same 128,000-token context window. Maximum output per response: Pixtral 12B up to 128,000, Phi-4-mini up to 4,096 tokens.

Which can read images, PDFs, audio or video?

Pixtral 12B accepts text and images; Phi-4-mini accepts text. Pixtral 12B handles the widest range of inputs.

Are any of these open source?

Yes, both publish their weights, so you can self-host them.

Which is newer?

Phi-4-mini is the newest, released Dec 11, 2024. Pixtral 12B came out Sep 1, 2024. Knowledge cutoff: Pixtral 12B Sep 2024, Phi-4-mini Oct 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.