💰 Unit Cost Winner Mistral Large 2 (2411) $2.00/1M in · $6.00/1M out
⚡ Latency & Speed Winner Mistral Large 2 (2411) 380ms TTFT · 75 tok/s
💻 Coding (SWE) Winner OpenAI o3 71.7% SWE-bench · 95.2% HumanEval
🧠 STEM Reasoning Winner OpenAI o3 87.7% GPQA · 98.6% MATH-500

Which model is better: Mistral Large 2 (2411) or OpenAI o3?

Mistral Large 2 (2411) and OpenAI o3 share identical input pricing at $2.00 per 1M tokens ($6.00 vs. $8.00 output). In terms of operational performance, Mistral Large 2 (2411) delivers lower response latency at 380ms TTFT (770ms faster than OpenAI o3) with 75 vs. 82 tok/s throughput. OpenAI o3 leads coding evaluations at 71.7% SWE-bench Verified vs. 45.2% for Mistral Large 2 (2411) and 87.7% vs. 54.2% on GPQA Diamond.
Verified daily via automated API latency tests and official documentation.

Verified Performance & Unit Economics Delta (12 Dimensions)

Daily synchronized metrics across token pricing, prompt cache economics, latency, throughput, and 5 capability benchmarks.

Metric / Dimension Mistral Large 2 (2411) OpenAI o3 Net Delta / Advantage
Input Cost / 1M Tokens $2.00 $2.00 Identical Pricing
Output Cost / 1M Tokens $6.00 $8.00 Mistral Large 2 (2411) (25.0% lower)
Prompt Cache Read / 1M $0.200 $0.500 Mistral Large 2 (2411) is 2.5x cheaper
Prompt Cache Write / 1M $2.00 $2.00 Identical Cache Write Pricing
Context Window (Max Output) 131k (8k out) 205k (100k out) OpenAI o3 (1.6x larger context)
Avg TTFT Response Latency 380ms 1150ms Mistral Large 2 (2411) (770ms faster)
Generation Speed (Throughput) 75 tok/s 82 tok/s OpenAI o3 (+7 tok/s faster)
SWE-bench Verified (Coding) 45.2% 71.7% OpenAI o3 (+26.5% lead)
GPQA Diamond (PhD STEM) 54.2% 87.7% OpenAI o3 (+33.5% lead)
MMLU-Pro (Multi-Discipline) 74.8% 89.8% OpenAI o3 (+15.0% lead)
MATH-500 (Quantitative Logic) 76.5% 98.6% OpenAI o3 (+22.1% lead)
Inference Value Score (IVR) 50.1 / 100 60.6 / 100 OpenAI o3 (+10.5 pts)

Interactive Monthly Token Economics & ROI Forecaster

Model production workloads across prompt, completion, and cached context tokens, or switch models on the fly.

25.0M Tokens
500K 50M 250M 500M+
5.0M Tokens
100K 25M 75M 150M+
50% Cached
0% (Uncached) 25% 50% (Typical Agent) 95% Max

Estimated Monthly Spend

Mistral Large 2 (2411) $57.50

$2.00/1M in · $6.00/1M out

Prompt Cache: $0.200/1M read · $2.00/1M write

OpenAI o3 $71.25

$2.00/1M in · $8.00/1M out

Prompt Cache: $0.500/1M read · $2.00/1M write

Projected Monthly Cost Reduction
$13.75 / mo
(19.3% lower cost with Mistral Large 2 (2411))
Open Full Matchup Analysis →
A

When to Choose Mistral Large 2 (2411)

Choose Mistral Large 2 (2411) (Mistral AI) for sovereign enterprise multilingual flagship tuned for reasoning, strict JSON schemas, and European regulatory compliance — offering a 131k context window, 380ms TTFT, and $2.00/1M input pricing ($0.200/1M cached reads).

B

When to Choose OpenAI o3

Choose OpenAI o3 (OpenAI) for algorithmic synthesis, mathematical verification, PhD-level scientific research, and multi-step tool planning — offering a 204k context window, 1150ms TTFT, and $2.00/1M input pricing ($0.500/1M cached reads).

Related Questions & Decision Factors

Which is cheaper: Mistral Large 2 (2411) or OpenAI o3?

Both Mistral Large 2 (2411) and OpenAI o3 share identical input pricing at $2.00/1M tokens.

Which model has lower TTFT latency and higher tok/s throughput: Mistral Large 2 (2411) or OpenAI o3?

Mistral Large 2 (2411) delivers faster first-token latency at 380ms TTFT (75 tok/s throughput) compared to 1150ms TTFT (82 tok/s) for OpenAI o3.

How do Mistral Large 2 (2411) and OpenAI o3 compare on SWE-bench coding and GPQA Diamond reasoning?

On SWE-bench Verified software engineering, Mistral Large 2 (2411) scores 45.2% versus 71.7% for OpenAI o3. On GPQA Diamond graduate-level STEM reasoning, Mistral Large 2 (2411) scores 54.2% versus 87.7% for OpenAI o3 (and 76.5% vs 98.6% on MATH-500).

When should you choose Mistral Large 2 (2411)?

Choose Mistral Large 2 (2411) (Mistral AI) for sovereign enterprise multilingual flagship tuned for reasoning, strict JSON schemas, and European regulatory compliance — offering a 131k context window, 380ms TTFT, and $2.00/1M input pricing ($0.200/1M cached reads).

When should you choose OpenAI o3?

Choose OpenAI o3 (OpenAI) for algorithmic synthesis, mathematical verification, PhD-level scientific research, and multi-step tool planning — offering a 204k context window, 1150ms TTFT, and $2.00/1M input pricing ($0.500/1M cached reads).

Explore High-Priority Related Model Matchups