ZMIME
Comparison · 3 models · Updated Oct 4, 2026

Qwen2.5 32B Instruct vs Qwen2.5 72B Instruct vs Mistral Large 2.1

Qwen2.5 32B Instruct comes out ahead, 43 to 40 and 38 on our weighted score, and it is the cheaper option too.

  1. Our pick

    Alibaba (Qwen)

    Qwen2.5 32B Instruct

    Released Sep 17, 2024

    43/100
    • ECI128.5
    • Price$0.70 / $2.80
    • Context131K
  2. Alibaba (Qwen)

    Qwen2.5 72B Instruct

    Released Sep 19, 2024

    40/100
    • ECI129.0
    • Price$1.40 / $5.60
    • Context131K
  3. Mistral AI

    Mistral Large 2.1

    Released Nov 18, 2024

    38/100
    • ECI128.5
    • Price$2.00 / $6.00
    • Context131K
01 — Verdict

Qwen2.5 32B Instruct is our pick

Qwen2.5 32B Instruct is the better all-round choice, scoring 43/100 against Qwen2.5 72B Instruct (40) and Mistral Large 2.1 (38). It leads on price. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

  • CapabilityQwen2.5 72B InstructCapabilities Index (ECI): Qwen2.5 72B Instruct 129.0 · Qwen2.5 32B Instruct 128.5 · Mistral Large 2.1 128.5
  • Lowest priceQwen2.5 32B InstructQwen2.5 32B Instruct $1.23 · Qwen2.5 72B Instruct $2.45 · Mistral Large 2.1 $3.00 per 1M tokens (3:1 blend)
  • Longest contextAbout the sameQwen2.5 32B Instruct 131,072 · Qwen2.5 72B Instruct 131,072 · Mistral Large 2.1 131,072 tokens
  • Widest inputsSame inputsQwen2.5 32B Instruct: Text · Qwen2.5 72B Instruct: Text · Mistral Large 2.1: Text
  • Self-hostingAll open weightsEvery model here can be downloaded and run on your own hardware
How the score is built
MeasureWeightQwen2.5 32B InstructQwen2.5 72B InstructMistral Large 2.1
CapabilityCapabilities Index (ECI)50%515251
Price25%463127
Inputs & features15%252525
Context window10%242424
Overall100%43/10040/10038/100
02 — Side by side

Every spec in one table

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

Qwen2.5 32B Instruct vs Qwen2.5 72B Instruct vs Mistral Large 2.1 specifications side by side
SpecificationQwen2.5 32B InstructAlibaba (Qwen)Qwen2.5 72B InstructAlibaba (Qwen)Mistral Large 2.1Mistral AI
Capability
Capabilities Index (ECI)128.5129.0 (best)128.5
ECI rank#131 of 148#128 of 148 (best)#130 of 148
GPQA DiamondGraduate-level science questions46.1%49.2%51.3% (best)
OTIS Mock AIME 2024–2025Competition mathematics7.4%8.1% (best)7.8%
Price per million tokens
Input$0.70 (best)$1.40$2.00
Output$2.80 (best)$5.60$6.00
Cached input———
Blended (3:1)$1.23 (best)$2.45$3.00
Long-context rateSame rateSame rateSame rate
Price sourceOfficial Alibaba APIOfficial Alibaba APIOfficial Mistral API
Limits
Context window131,072 tokens131,072 tokens131,072 tokens
Max output8,192 tokens8,192 tokens16,384 tokens (best)
Inputs and features
TextYesYesYes
ImagesNoNoNo
PDFsNoNoNo
AudioNoNoNo
VideoNoNoNo
ReasoningNoNoNo
Tool callingYesYesYes
Structured outputNoNoNo
Availability
WeightsOpenOpenOpen
API model IDqwen2-5-32b-instructqwen2-5-72b-instructmistral-large-2411
API providers112 (best)
ReleasedSep 17, 2024Sep 19, 2024Nov 18, 2024
Knowledge cutoffApr 2024Apr 2024Nov 2024
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.

  • Qwen2.5 32B Instruct$12.60
  • Qwen2.5 72B Instruct$25.20
  • Mistral Large 2.1$32.00
04 — Questions

Which should you choose?

Which is better: Qwen2.5 32B Instruct, Qwen2.5 72B Instruct or Mistral Large 2.1?

Qwen2.5 32B Instruct is the better all-round choice, scoring 43/100 against Qwen2.5 72B Instruct (40) and Mistral Large 2.1 (38). It leads on price. The score weighs capability 50%, price 25%, inputs & features 15%, context window 10%.

Which is cheaper, Qwen2.5 32B Instruct, Qwen2.5 72B Instruct or Mistral Large 2.1?

Qwen2.5 32B Instruct is cheaper at $0.70 input / $2.80 output per million tokens (official Alibaba API price). Qwen2.5 72B Instruct costs $1.40 input / $5.60 output per million tokens (official Alibaba API price); Mistral Large 2.1 costs $2.00 input / $6.00 output per million tokens (official Mistral API price). At a typical mix of three input tokens to one output token, that is $1.23 per million tokens for Qwen2.5 32B Instruct versus $2.45 for Qwen2.5 72B Instruct (2× as much) and $3.00 for Mistral Large 2.1 (2.4× as much).

Which scores higher on benchmarks?

Qwen2.5 72B Instruct scores higher on the Capabilities Index (ECI): Qwen2.5 72B Instruct 129.0 (#128 of 148), Qwen2.5 32B Instruct 128.5 (#131 of 148) and Mistral Large 2.1 128.5 (#130 of 148). The confidence ranges of the top two overlap (123.8–130.7 vs 123.5–130.0), so treat the gap as small. On individual benchmarks: GPQA Diamond — Mistral Large 2.1 51.3%, Qwen2.5 72B Instruct 49.2%, Qwen2.5 32B Instruct 46.1%; OTIS Mock AIME 2024–2025 — Qwen2.5 72B Instruct 8.1%, Mistral Large 2.1 7.8%, Qwen2.5 32B Instruct 7.4%.

Which is better for coding?

There are no published SWE-bench Verified results for Qwen2.5 32B Instruct, Qwen2.5 72B Instruct and Mistral Large 2.1 yet, so there is no like-for-like coding score. On overall capability, Qwen2.5 72B Instruct 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?

Qwen2.5 32B Instruct, Qwen2.5 72B Instruct and Mistral Large 2.1 share the same 131,072-token context window. Maximum output per response: Qwen2.5 32B Instruct up to 8,192, Qwen2.5 72B Instruct up to 8,192, Mistral Large 2.1 up to 16,384 tokens.

Which can read images, PDFs, audio or video?

Qwen2.5 32B Instruct accepts text; Qwen2.5 72B Instruct accepts text; Mistral Large 2.1 accepts text. They handle the same number of input types.

Are any of these open source?

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

Which is newer?

Mistral Large 2.1 is the newest, released Nov 18, 2024. Qwen2.5 72B Instruct came out Sep 19, 2024; Qwen2.5 32B Instruct came out Sep 17, 2024. Knowledge cutoff: Qwen2.5 32B Instruct Apr 2024, Qwen2.5 72B Instruct Apr 2024, Mistral Large 2.1 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 Oct 4, 2026.