OpenAI o4-mini vs O1 Preview

Performance benchmarks + pricing comparison — updated April 2026

OpenAI o4-mini

OpenAI

Updated mini reasoning model. Similar pricing to o3-mini with updated capabilities.

Input$1.10/M
Output$4.40/M
Context200K tokens
Best ForGeneral reasoning, coding tasks
Benchmark72/100

O1 Preview

OpenAI

OpenAI's first reasoning model. Strong at complex problem solving but expensive.

Input$15.00/M
Output$60.00/M
Context128K tokens
Best ForComplex math, science, algorithm design

Cost Comparison by Scenario

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

ScenarioOpenAI o4-miniO1 PreviewSavings
Small Script (1K lines) $0.17 $2.32 OpenAI o4-mini saves $2.15 (93%)
Medium Feature (10K lines) $1.27 $17.25 OpenAI o4-mini saves $15.98 (93%)
Large Project (50K lines) $6.33 $86.25 OpenAI o4-mini saves $79.92 (93%)
Code Review (5K lines) $0.30 $4.13 OpenAI o4-mini saves $3.82 (93%)

Verdict

OpenAI o4-mini wins on both price and performance — $1.10/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