Mistral Large 2 vs Mistral Nemo
Performance benchmarks + pricing comparison — updated April 2026
Mistral Large 2
MistralMistral's flagship model. Strong multilingual and coding capability.
| Input | $2.00/M |
| Output | $6.00/M |
| Context | 128K tokens |
| Best For | Enterprise coding, multilingual tasks |
| Benchmark | 65/100 |
Mistral Nemo
MistralCompact 12B open-weight model co-developed with NVIDIA. Excellent coding performance at minimal cost.
| Input | $0.150/M |
| Output | $0.150/M |
| Context | 128K tokens |
| Best For | Self-hosted deployments, cost-sensitive coding, edge deployments |
| Benchmark | 48/100 |
Benchmark Performance Comparison
Third-party benchmark scores — higher is better. Data sourced from SWE-bench, LiveCodeBench, HumanEval, and BigCodeBench.
| Benchmark | Mistral Large 2 | Mistral Nemo | Leader |
|---|---|---|---|
| Overall Score | 65 | 48 | Mistral Large 2 leads by 17pts |
| SWE-bench Verified | 58 | 40 | Mistral Large 2 leads by 18pts |
| LiveCodeBench | 66 | 50 | Mistral Large 2 leads by 16pts |
| HumanEval | 84 | 70 | Mistral Large 2 leads by 14pts |
| BigCodeBench | 52 | 32 | Mistral Large 2 leads by 20pts |
Cost Comparison by Scenario
Estimated cost per project with 30% cache hit rate. Actual costs may vary based on usage patterns.
| Scenario | Mistral Large 2 | Mistral Nemo | Savings |
|---|---|---|---|
| Small Script (1K lines) | $0.25 | <$0.01 | Mistral Nemo saves $0.24 (96%) |
| Medium Feature (10K lines) | $1.90 | $0.08 | Mistral Nemo saves $1.82 (96%) |
| Large Project (50K lines) | $9.50 | $0.41 | Mistral Nemo saves $9.09 (96%) |
| Code Review (5K lines) | $0.50 | $0.03 | Mistral Nemo saves $0.47 (94%) |
Value Analysis (Price per Benchmark Score Point)
Lower is better — how much you pay for each point of benchmark performance.
| Model | Overall Score | Price per Score Point | Verdict |
|---|---|---|---|
| Mistral Large 2 | 65 | $0.031/pt | Higher cost per point |
| Mistral Nemo | 48 | $0.002/pt | Better value |
Mistral Nemo delivers the best value at $0.002 per score point.
Strengths & Weaknesses
Mistral Large 2
- + European data residency
- + Good value
- - Smaller ecosystem
Mistral Nemo
- + Open weight
- + Self-hostable
- - Basic coding ability
Verdict
Mistral Nemo is cheaper at $0.150/M, but Mistral Large 2 scores higher on benchmarks (65 vs 48).
Choose Mistral Nemo for cost-sensitive projects, Mistral Large 2 when performance matters most.
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