Mistral Nemo vs DeepSeek V3.2

Performance benchmarks + pricing comparison — updated April 2026

Mistral Nemo

Mistral

Compact 12B open-weight model co-developed with NVIDIA. Excellent coding performance at minimal cost.

Input$0.150/M
Output$0.150/M
Context128K tokens
Best ForSelf-hosted deployments, cost-sensitive coding, edge deployments
Benchmark48/100

DeepSeek V3.2

DeepSeek

Updated V3 model with improved general reasoning and multilingual capability. Strong value proposition.

Input$0.300/M
Output$1.20/M
Context128K tokens
Best ForGeneral tasks, bilingual coding, cost-effective workflows

Cost Comparison by Scenario

Estimated cost per project with 30% cache hit rate. Actual costs may vary based on usage patterns.

ScenarioMistral NemoDeepSeek V3.2Savings
Small Script (1K lines) <$0.01 $0.05 Mistral Nemo saves $0.04 (79%)
Medium Feature (10K lines) $0.08 $0.34 Mistral Nemo saves $0.26 (76%)
Large Project (50K lines) $0.41 $1.73 Mistral Nemo saves $1.31 (76%)
Code Review (5K lines) $0.03 $0.08 Mistral Nemo saves $0.05 (64%)

Verdict

Mistral Nemo wins on both price and performance — $0.150/M input with a benchmark score of N/A/100.

For most developers, this is the clear choice between these two models.

Compare with Other Models