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Decision facts

• Mistral Large 3 2512 is #72; Mistral Small 3.2 24B is #133 on the same current language board.
• Index scores are 60.9 for Mistral Large 3 2512 and 41.9 for Mistral Small 3.2 24B. Their published uncertainty intervals do not overlap, but the aggregate Index does not predict performance on every task; compare the relevant benchmark configurations before choosing.
• Both positions use Measured evidence.
• Listed output price per 1M tokens is $0.75 for Mistral Large 3 2512 and $0.25 for Mistral Small 3.2 24B. For 1,000 requests with 2,000 input and 500 output tokens each (2M input + 0.5M output), the listed-rate estimate is $0.88 for Mistral Large 3 2512 versus $0.31 for Mistral Small 3.2 24B. Mistral Small 3.2 24B costs 64.3% less in this scenario. This excludes caching, batch discounts, prompt-length tiers, tool charges and retries; verify the selected endpoint before budgeting.
• Published context is 262,144 tokens for Mistral Large 3 2512 and 256,000 for Mistral Small 3.2 24B.
• Weight access differs: Mistral Large 3 2512 is none; Mistral Small 3.2 24B is open.
• ModelCap currently lists 1 providers for Mistral Large 3 2512 and 3 for Mistral Small 3.2 24B.

These are separate published fields, not a synthetic winner. ModelCap does not collapse price, access, context, and capability evidence into a hidden recommendation score.