GLM-5.3-Flash and Mistral Large 4 Preview are close rivals from Z AI and Mistral. The sharpest difference is price: GLM-5.3-Flash costs $0.50 per million output tokens, against $2.10 for Mistral Large 4 Preview. What follows is built entirely from tracked data, so where the catalogue is silent, this page says so instead of guessing.
What they cost
The list prices are $0.15 in and $0.50 out for GLM-5.3-Flash, and $0.70 in and $2.10 out for Mistral Large 4 Preview, per million tokens. For output tokens, Mistral Large 4 Preview is 4.2 times the price of GLM-5.3-Flash.
A reference job of 1 million input tokens and 200,000 output tokens costs $0.25 with GLM-5.3-Flash and $1.12 with Mistral Large 4 Preview, so GLM-5.3-Flash saves $0.87. For an agent that reads 50 million tokens and writes 5 million in a month, GLM-5.3-Flash would come in 78% lower: $10.00 for GLM-5.3-Flash against $45.50 for Mistral Large 4 Preview.
Speed and latency
Once a response is under way, GLM-5.3-Flash produces roughly 56 tokens per second against 130 tokens per second for Mistral Large 4 Preview. That makes Mistral Large 4 Preview roughly 2.3 times as fast at writing. Time to first token is 1.6 seconds for GLM-5.3-Flash and 1.9 seconds for Mistral Large 4 Preview. So the two pull in opposite directions, with GLM-5.3-Flash quicker off the mark and Mistral Large 4 Preview quicker once it gets going; the crossover is around 50 tokens.
For a 1,000-token response, first token plus generation comes to roughly 20 seconds on GLM-5.3-Flash and 9.6 seconds on Mistral Large 4 Preview.
When they came out
The release dates are August 26, 2026 for GLM-5.3-Flash and October 6, 2026 for Mistral Large 4 Preview, 41 days apart. They are effectively contemporaries.
GLM-5.3-Flash leads on the intelligence index
The catalogue puts GLM-5.3-Flash at 27.8 and Mistral Large 4 Preview at 25.3 on its intelligence index. It is a small margin for an index that averages many evaluations.
Across the 109 active models with an intelligence score in the catalogue, GLM-5.3-Flash ranks 63rd and Mistral Large 4 Preview ranks 67th.
There are no coding or math index scores for either model in the catalogue, which keeps this comparison at the aggregate level.
Score per dollar
A blunt value measure, blended price over intelligence score, puts GLM-5.3-Flash at $0.0085 and Mistral Large 4 Preview at $0.042 per point. With the higher score and the lower cost per point, GLM-5.3-Flash is the better value per point on these numbers.

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