DeepSeek V3.2 vs o4 Mini (Comparative Analysis)

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Comparative Analysis: DeepSeek V3.2 vs. o4 Mini
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Overview

o4 Mini was released 7 months before DeepSeek V3.2.
DeepSeek V3.2DeepSeek V3.2
o4 Minio4 Mini
Model Provider
The organization behind this AI's development
DeepSeek logoDeepSeek
OpenAI logoOpenAI
Input Context Window
Maximum input tokens this model can process at once
163.8K
tokens
200K
tokens
Output Token Limit
Maximum output tokens this model can generate at once
65.5K
tokens
100K
tokens
Release Date
When this model first became publicly available
December 1st, 2025
April 16th, 2025
Knowledge Cutoff
Latest training-data date reported by the provider
Not reported
June 30, 2024

Capabilities & Features

Compare supported features, modalities, and advanced capabilities
DeepSeek V3.2
o4 Mini
Input Types
Supported input formats
📝Text
🖼️Image📝Text📁File
Reasoning Controls
Defaults and configurable reasoning effort
Optional
Optional
Output Types
Supported output formats
📝Text
📝Text
Tokenizer
Text encoding system
DeepSeekGPT
Key Features
Advanced capabilities
Function CallingStructured OutputReasoning ModeContent Moderation
Function CallingStructured OutputReasoning ModeContent Moderation
Open Source
Model availability
Available on HuggingFace →Proprietary

Pricing

DeepSeek V3.2 is roughly 0.2x less expensive compared to o4 Mini for input tokens and roughly 0.09x less expensive for output tokens.
DeepSeek V3.2DeepSeek V3.2
o4 Minio4 Mini
Input Token Cost
Cost per million input tokens
$0.27
per million tokens
$1.10
per million tokens
Output Token Cost
Cost per million output tokens
$0.40
per million tokens
$4.40
per million tokens
Web Search Cost
Additional cost for each web search operation
Not specified
$0.01
per search
Cache Read Cost
Cost to reuse cached input tokens
$0.13
per million tokens
$0.28
per million tokens

Benchmarks

Compare relevant benchmarks between DeepSeek V3.2 and o4 Mini.
DeepSeek V3.2DeepSeek V3.2
o4 Minio4 Mini
Intelligence Index
Overall model quality across independent evaluations
32
(Artificial Analysis index; higher is better)
Benchmark not available.
Coding Index
Programming performance across independent evaluations
44.2
(Artificial Analysis index; higher is better)
Benchmark not available.
Agentic Index
Ability to complete multi-step agentic tasks
18.3
(Artificial Analysis index; higher is better)
Benchmark not available.
Best Design Arena Score
Highest human-preference Elo score across design arenas
1,207 Elo
(#51 in Website (50.1% win rate))
1,061 Elo
(#87 in Game Dev (50.0% win rate))

At a Glance

Quick overview of what makes DeepSeek V3.2 and o4 Mini unique.
DeepSeek logoDeepSeek V3.2 by DeepSeek can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 163.8K token context window. Very affordable at $0.27/M input and $0.40/M output tokens. Released December 1st, 2025.
OpenAI logoo4 Mini by OpenAI understands both text and images, can use external tools and APIs, offers advanced reasoning, generates structured data. It can handle standard conversations with its 200K token context window. Reasonably priced at $1.10/M input and $4.40/M output tokens. Includes built-in content moderation for safer outputs. Released April 16th, 2025.

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