OpenAI o3-mini vs GPT-4.1

Performance benchmarks + pricing comparison — updated April 2026

OpenAI o3-mini

OpenAI

Affordable reasoning model for coding tasks. Best price-performance for algorithm-heavy work.

Input$1.10/M
Output$4.40/M
Context200K tokens
Best ForAlgorithm design, coding challenges, debugging
Benchmark80/100

GPT-4.1

OpenAI

Updated GPT-4 generation with improved instruction following and reduced hallucination. Better coding accuracy than GPT-4o.

Input$2.00/M
Output$8.00/M
Context128K tokens
Best ForProduction coding, API development, complex instructions
Benchmark80/100

Benchmark Performance Comparison

Third-party benchmark scores — higher is better. Data sourced from SWE-bench, LiveCodeBench, HumanEval, and BigCodeBench.

BenchmarkOpenAI o3-miniGPT-4.1Leader
Overall Score 80 80 o3-mini leads by 0pts
SWE-bench Verified 76 76 o3-mini leads by 0pts
LiveCodeBench 85 82 o3-mini leads by 3pts
HumanEval 94 94 o3-mini leads by 0pts
BigCodeBench 65 68 GPT-4.1 leads by 3pts

Cost Comparison by Scenario

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

ScenarioOpenAI o3-miniGPT-4.1Savings
Small Script (1K lines) $0.17 $0.31 OpenAI o3-mini saves $0.14 (45%)
Medium Feature (10K lines) $1.27 $2.30 OpenAI o3-mini saves $1.03 (45%)
Large Project (50K lines) $6.33 $11.50 OpenAI o3-mini saves $5.17 (45%)
Code Review (5K lines) $0.30 $0.55 OpenAI o3-mini saves $0.25 (45%)

Value Analysis (Price per Benchmark Score Point)

Lower is better — how much you pay for each point of benchmark performance.

ModelOverall ScorePrice per Score PointVerdict
OpenAI o3-mini 80 $0.014/pt Better value
GPT-4.1 80 $0.063/pt Higher cost per point

OpenAI o3-mini delivers the best value at $0.014 per score point.

Strengths & Weaknesses

OpenAI o3-mini

  • + Excellent at competitive programming
  • + Strong algorithmic reasoning
  • - Optimized for reasoning, not chat

GPT-4.1

  • + Latest GPT model
  • + Strong across all benchmarks
  • - Premium pricing

Verdict

OpenAI o3-mini wins on both price and performance — $1.10/M input with a benchmark score of 80/100.

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

Compare with Other Models