Short answer
Both are desktop amplifiers, $1199 against $1499.
The Schiit Ragnarok 2 reaches 100 dB on 567 of the 567 models here, the Schiit Mjolnir 3 on 566.
| Specification | Schiit Mjolnir 3 | Schiit Ragnarok 2 |
|---|---|---|
| Power into 32Ω | 1.0 W | 6.0 W |
| Power into 150Ω | 488 mW | 1.3 W |
| Power into 300Ω | 500 mW | 625 mW |
| Power into 600Ω | 250 mW | 313 mW |
| Output impedance | 0.13 Ω | 0.1 Ω unverified |
| Output noise | 25.18 µV | 1.5 µV unverified |
| Price | $1199 | $1499 |
| Headphones it reaches 100 dB on out of 567 | 566 | 567 |
| Balanced | Schiit Mjolnir 3 | Schiit Ragnarok 2 |
|---|---|---|
| Socket | XLR4 | XLR4 |
| Power into 32Ω | 2.0 W | 24.0 W |
| Power into 300Ω | 1.0 W | 2.5 W derived |
| Output impedance | 0.25 Ω | not published |
| Output noise | not published | not published |
| Headphones it reaches 100 dB on out of 567 | 567 | 567 |
Through the balanced sockets the two are level on the same test: each reaches 100 dB on 567 of the 567 models here. Derived figures are worked out from the loads the maker did publish.
| Load | Schiit Mjolnir 3 | Schiit Ragnarok 2 |
|---|---|---|
| 32 Ω | Published | Published |
| 150 Ω | Derived | Derived |
| 300 Ω | Published | Derived |
| 600 Ω | Derived | Derived |
Both makers publish a power rating. Schiit Mjolnir 3 publishes at 32 Ω and at 300 Ω; Schiit Ragnarok 2 at 32 Ω. The other rows are worked out from those.
So the two columns are not equally firm row by row: at 300 Ω only the Schiit Mjolnir 3 figure is the maker’s own. On those rows the derived number is the one to doubt first.
1 headphone reaches 100 dB on the Schiit Ragnarok 2 but not on the Schiit Mjolnir 3 — Symphonium Titan.
566 of the 567 models here reach 100 dB on both.
Headroom is at a 100 dB SPL peak.
The widest gap on the list is the HiFiMAN HE400se: Schiit Ragnarok 2 has +28 dB of headroom there against +20 dB. 8 dB is about 6 times the power, which matters for peaks rather than for how loud the music sits.
The hiss columns are empty for Schiit Ragnarok 2 because that maker publishes no output noise figure.
| Headphone | Impedance | Needs | Schiit Mjolnir 3 headroom | Schiit Ragnarok 2 headroom | Schiit Mjolnir 3 hiss | Schiit Ragnarok 2 hiss |
|---|---|---|---|---|---|---|
| Shure SE846 | 9 Ω | 0.04 mW | +38 dB | +46 dB | 42 dB | not published |
| Campfire Audio Andromeda 2020 | 9 Ω | 4.0 mW | +18 dB | +26 dB | 22 dB | not published |
| Audeze LCD-2 Classic | 70 Ω | 0.79 mW | +29 dB | +35 dB | 21 dB | not published |
| Beyerdynamic DT 1990 Pro (250Ω) | 250 Ω | 0.63 mW | +29 dB | +31 dB | 16 dB | not published |
| HiFiMAN HE400se | 25 Ω | 7.9 mW | +20 dB | +28 dB | 15 dB | not published |
| Audio-Technica ATH-R70X | 470 Ω | 1.6 mW | +23 dB | +24 dB | 9 dB | not published |
| Sennheiser HD 600 | 300 Ω | 6.6 mW | +19 dB | +20 dB | 5 dB | not published |
| HiFiMAN Susvara | 60 Ω | 50 mW | +11 dB | +18 dB | 3 dB | not published |
The Schiit Ragnarok 2 costs $300 more than the Schiit Mjolnir 3. Out of the 567 models here, that difference buys 1 more model driven to 100 dB.
Nothing runs the other way: there is no axis here on which the cheaper of the two does better.
Only published figures count here; blank axes are counted separately.
Each in full: Schiit Mjolnir 3 and Schiit Ragnarok 2.