Honest comparison · Updated quarterly

Tokmeter vs Helicone.

Helicone is the category leader in engineer-grade LLM observability. Tokmeter is built for the finance and procurement conversation. They pair well — most teams end up running both.

tokmeter.ai
AI FinOps for finance

Install with a read-only billing key. No SDK. Hand a chargeback PDF to finance the same day.

  • No code change — billing-key ingest
  • Chargeback by team / cost center / GL code
  • $ caps per team, model, provider with replay simulation
  • Provider billing APIs (Azure, Bedrock, Vertex) + IDE seats
Helicone
LLM observability

Best-in-class per-request traces, playgrounds, and evals — the right pick when engineers need to debug prompts and outputs.

  • 1-line SDK or proxy header to install
  • Excellent trace UX and prompt playground
  • Evals, scoring, prompt experiments
  • User/session rollups, not GL-coded chargeback
Pick Helicone if…
  • · Engineers need to debug specific prompts and responses daily.
  • · You want a prompt playground and evals in the same tool.
  • · Finance hasn't asked for a chargeback report yet.
Pick Tokmeter if…
  • · Procurement or finance wants the AI bill broken down by team.
  • · You can't put an SDK on every call (legacy, third-party, IDE seats).
  • · You want $ caps per model/provider, not per request count.
Use both: Helicone for engineer trace debugging, Tokmeter for finance reporting and procurement-grade caps. Tokmeter ingests billing read-only so it doesn't compete on the request path.

Feature-by-feature

Updated June 2026. Spotted something out of date? Tell us.

Who it's for
CapabilityTokmeterHelicone
Built for engineering teams
Built for finance / procurement / CFO
engineer-first UX
Install without engineers (billing-key only)
1-line SDK / proxy header
FinOps & procurement
CapabilityTokmeterHelicone
Chargeback PDF/CSV by team, cost center, GL code
user-level usage
Budget approvals with email sign-off
Hard $ caps per org / team / virtual key / model
rate limits, not $
IDE seats (Cursor, Copilot) alongside API spend
Anonymized industry benchmarks (Spend Index)
Outcome KPIs (cost per PR, ticket, seat)
Observability & traces
CapabilityTokmeterHelicone
Single-request trace (prompt, response, tokens, $, latency)
category leader
Prompt playground & experiments
Custom properties / user IDs / session IDs
via x-tokmeter-* headers
Per-user / per-session cost rollups
Evals & scoring
Gateway & guardrails
CapabilityTokmeterHelicone
Automatic fallback / retry across providers
via proxy mode
Sliding-window RPM/TPM rate limits
Caching
PII / secret redaction guardrails
Coverage
CapabilityTokmeterHelicone
Provider billing-API ingest (Azure, Bedrock, Vertex)
proxy-only model
Manual CSV upload for non-API spend
IDE-tool seat ingest (Cursor, Copilot)
Pricing
CapabilityTokmeterHelicone
Free tier
1 provider, full dashboards
10k requests/mo
Paid plans start at
$49/mo Starter
$20/mo Pro
Pay per request above quota
flat tiers
Available Partial / on roadmap Not available
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