Leica M10 vs Panasonic FZ300

The Leica M10 (Typ 3656) and the Panasonic Lumix DMC-FZ300 (labelled Panasonic FZ330 in some countries) are two digital cameras that were revealed to the public, respectively, in January 2017 and July 2015. The M10 is a rangefinder-focusing mirrorless camera, while the FZ300 is a fixed lens compact. The cameras are based on a full frame (M10) and a 1/2.3-inch (FZ300) sensor. The Leica has a resolution of 23.8 megapixels, whereas the Panasonic provides 12 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Leica M10		Panasonic FZ300
Rangefinder camera		Fixed lens compact camera
Leica M mount lenses		25-600mm f/2.8
23.8 MP – Full Frame sensor		12 MP – 1/2.3" sensor
no Video		4K/30p Video
ISO 100-50,000		ISO 100-6,400
Optical viewfinder		Electronic viewfinder (1440k dots)
3.0" LCD – 1037k dots		3.0" LCD – 1040k dots
Fixed screen (not touch-sensitive)		Swivel touchscreen
5 shutter flaps per second		12 shutter flaps per second
Weathersealed body		Weathersealed body
210 shots per battery charge		380 shots per battery charge
139 x 80 x 39 mm, 660 g		132 x 92 x 117 mm, 691 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M10 (Typ 3656) and the Panasonic Lumix DMC-FZ300? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

An illustration of the physical size and weight of the Leica M10 and the Panasonic FZ300 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three consecutive views from the front, the top, and the rear side are shown. All width, height and depth measures are rounded to the nearest millimeter.

The M10 can be obtained in two different colors (black, silver), while the FZ300 is only available in black.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic FZ300 is notably larger (9 percent) than the Leica M10. In this context, it is worth noting that both cameras are splash and dust-proof and can, hence, be used in inclement weather conditions or harsh environments.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ300 has a lens built in, whereas the M10 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup. You can compare the optics available for the M10 and their specifications in the Leica M Lens Catalog.

Concerning battery life, the M10 gets 210 shots out of its Leica BP-SCL5 battery, while the FZ300 can take 380 images on a single charge of its Panasonic DMW-BLC12 power pack.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. If you would like to visualize and compare a different camera combination, you can navigate to the CAM-parator app and make your selection from a broad list of cameras there.

Body Specifications

#		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
2.		Panasonic FZ300	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	599	amazon.com
3.		Canon 6D Mark II	144 mm	111 mm	75 mm	765 g	1200	Y	Jun 2017	1,999	amazon.com
4.		Canon 1D X Mark II	158 mm	168 mm	83 mm	1530 g	1210	Y	Feb 2016	5,999	ebay.com
5.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	549	ebay.com
6.		Leica M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	8,995	amazon.com
7.		Leica M-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	3,999	ebay.com
8.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
9.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
10.		Leica Q Typ 116	130 mm	80 mm	93 mm	640 g	300	n	Jun 2015	4,249	ebay.com
11.		Leica SL	147 mm	104 mm	39 mm	847 g	400	Y	Oct 2015	7,450	ebay.com
12.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	6,950	ebay.com
13.		Nikon D5	160 mm	159 mm	92 mm	1415 g	3780	Y	Jan 2016	6,499	ebay.com
14.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
15.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
17.		Sony HX400V	130 mm	93 mm	103 mm	660 g	300	n	Feb 2014	499	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

Any camera decision will naturally be influenced heavily by the price. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The FZ300 was launched at a lower price than the M10, despite having a lens built in. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants of image quality. A large sensor will tend to have larger individual pixels that provide better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixel-units in a sensor of the same technological generation. Moreover, a large sensor camera will give the photographer more control over depth-of-field in the image and, thus, the ability to better isolate a subject from the background. On the downside, larger sensors are more costly to manufacture and tend to lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Leica M10 features a full frame sensor and the Panasonic FZ300 a 1/2.3-inch sensor. The sensor area in the FZ300 is 97 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.0 and 5.6. The sensor in the M10 has a native 3:2 aspect ratio, while the one in the FZ300 offers a 4:3 aspect.

With 23.8MP, the M10 offers a higher resolution than the FZ300 (12MP), but the M10 nevertheless has larger individual pixels (pixel pitch of 6.00μm versus 1.53μm for the FZ300) due to its larger sensor. Moreover, the M10 is a somewhat more recent model (by 1 year and 6 months) than the FZ300, and its sensor might have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that neither of the two cameras has an anti-alias filter installed, so they are able to capture all the detail the sensor resolves.

The resolution advantage of the Leica M10 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the M10 for good quality output (200 dots per inch) amounts to 29.8 x 20 inches or 75.6 x 50.7 cm, for very good quality (250 dpi) 23.8 x 16 inches or 60.5 x 40.6 cm, and for excellent quality (300 dpi) 19.8 x 13.3 inches or 50.4 x 33.8 cm. The corresponding values for the Panasonic FZ300 are 20 x 15 inches or 50.8 x 38.1 cm for good quality, 16 x 12 inches or 40.6 x 30.5 cm for very good quality, and 13.3 x 10 inches or 33.9 x 25.4 cm for excellent quality prints.

The Leica M10 (Typ 3656) has a native sensitivity range from ISO 100 to ISO 50000. The corresponding ISO settings for the Panasonic Lumix DMC-FZ300 are ISO 100 to ISO 6400 (no boost).

In terms of underlying technology, the M10 is build around a CMOS sensor, while the FZ300 uses a BSI-CMOS imager. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Since 2007, DXO Mark has published sensor performance measurements that have been derived using a consistent methodology. This service is based on lab testing and assigns an overall score to each camera sensor, as well as ratings for dynamic range ("DXO Landscape"), color depth ("DXO Portrait"), and low-light sensitivity ("DXO Sports"). Of the two cameras under review, the M10 provides substantially higher image quality than the FZ300, with an overall score that is 48 points higher. This advantage is based on 5.1 bits higher color depth, 2.2 EV in additional dynamic range, and 4.5 stops in additional low light sensitivity. The table below summarizes the physical sensor characteristics and sensor quality findings and compares them across a set of similar cameras.

Sensor Characteristics

#		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
2.		Panasonic FZ300	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
3.		Canon 6D Mark II	Full Frame	26.0	6240	4160	1080/60p	24.4	11.9	2862	85
4.		Canon 1D X Mark II	Full Frame	20.0	5472	3648	4K/60p	24.1	13.5	3207	88
5.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
6.		Leica M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
7.		Leica M-E Typ 240	Full Frame	23.7	5952	3976	1080/25p	25.2	14.2	2821	94
8.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
9.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
10.		Leica Q Typ 116	Full Frame	24.0	6000	4000	1080/60p	24.3	12.7	2221	85
11.		Leica SL	Full Frame	24.0	6000	4000	4K/30p	25.0	13.4	1821	88
12.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
13.		Nikon D5	Full Frame	20.7	5588	3712	4K/30p	25.1	12.3	2343	88
14.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
15.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
17.		Sony HX400V	1/2.3	20.2	5184	3888	1080/60p	20.1	11.4	629	45
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras are not only capable of taking still images, but can also record movies. The FZ300 indeed provides for movie recording, while the M10 does not. The highest resolution format that the FZ300 can use is 4K/30p.

Feature comparison

Beyond body and sensor, cameras can and do differ across a range of features. For example, the FZ300 has an electronic viewfinder (1440k dots), while the M10 has an optical one. Both systems have their advantages, with the electronic viewfinder making it possible to project supplementary shooting information into the framing view, whereas the optical viewfinder offers lag-free viewing and a very clear framing image. The viewfinders of both cameras offer the same field of view (100%), but the viewfinder of the M10 has a higher magnification than the one of the FZ300 (0.73x vs 0.70x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The following table reports on some other key feature differences and similarities of the Leica M10, the Panasonic FZ300, and comparable cameras.

Core Features

#		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
2.		Panasonic FZ300	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
3.		Canon 6D Mark II	optical	Y	3.0 / 1040	swivel	Y	1/4000s	6.5/s	n	n
4.		Canon 1D X Mark II	optical	Y	3.2 / 1620	fixed	Y	1/8000s	16.0/s	n	n
5.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
6.		Leica M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
7.		Leica M-E Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
8.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
9.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
10.		Leica Q Typ 116	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
11.		Leica SL	4400	Y	3.0 / 1040	fixed	Y	1/8000s	11.0/s	n	n
12.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
13.		Nikon D5	optical	Y	3.2 / 2359	fixed	Y	1/8000s	14.0/s	n	n
14.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
15.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
17.		Sony HX400V	210	n	3.0 / 921	tilting	n	1/4000s	10.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One differentiating feature between the two cameras concerns the touch sensitivity of the rear screen. The FZ300 has a touchscreen, while the M10 has a conventional panel. Touch control can be particularly helpful, for example, for setting the focus point.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, the FZ300 is one of those camera that have an additional electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

The Leica M10 and the Panasonic FZ300 both have an intervalometer built-in. This enables the photographer to capture time lapse sequences, such as flower blooming, a sunset or moon rise, without purchasing an external camera trigger and related software.

Concerning the storage of imaging data, both the M10 and the FZ300 write their files to SDXC cards. Both cameras can use UHS-I cards, which provide for Ultra High Speed data transfer of up to 104 MB/s.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Leica M10 (Typ 3656) and Panasonic Lumix DMC-FZ300 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

#		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
2.		Panasonic FZ300	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
3.		Canon 6D Mark II	Y	stereo / mono	Y	-	mini	2.0	Y	Y	Y
4.		Canon 1D X Mark II	Y	mono / mono	Y	Y	mini	3.0	-	-	-
5.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
6.		Leica M11	Y	- / -	-	-	-	3.2	Y	-	Y
7.		Leica M-E Typ 240	Y	mono / -	-	-	-	2.0	-	-	-
8.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
9.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
10.		Leica Q Typ 116	Y	stereo / mono	-	-	micro	2.0	Y	Y	-
11.		Leica SL	Y	stereo / mono	Y	Y	full	3.0	Y	-	-
12.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
13.		Nikon D5	Y	stereo / mono	Y	Y	mini	3.0	-	-	-
14.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
15.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Sony HX400V	Y	stereo / mono	-	-	micro	2.0	Y	Y	-

The FZ300 is a recent model that features in the current product line-up of Panasonic. In contrast, the M10 has been discontinued (but can be found pre-owned on ebay). As a replacement in the same line of cameras, the M10 was succeeded by the Leica M11. Further information on the features and operation of the M10 and FZ300 can be found, respectively, in the Leica M10 Manual (free pdf) or the online Panasonic FZ300 Manual.

Review summary

So how do things add up? Which of the two cameras – the Leica M10 or the Panasonic FZ300 – has the upper hand? Is one clearly better than the other? A synthesis of the relative strong points of each of the models is listed below.

Arguments in favor of the Leica M10 (Typ 3656):

• More detail: Offers more megapixels (23.8 vs 12MP) with a 43% higher linear resolution.
• Better image quality: Scores substantially higher (48 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (5.1 bits more color depth).
• More dynamic range: Captures a larger spectrum of light and dark details (2.2 EV of extra DR).
• Better low-light sensitivity: Requires less light for good images (4.5 stops ISO advantage).
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.73x vs 0.70x).
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Is somewhat more recent (announced 1 year and 6 months after the FZ300).

Reasons to prefer the Panasonic Lumix DMC-FZ300:

• Broader imaging potential: Can capture not only stills but also 4K/30p video.
• More framing info: Has an electronic viewfinder that displays shooting data.
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (12 vs 5 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Ready to shoot: Has an integrated lens, whereas the M10 necessitates an extra lens.
• Longer lasting: Gets more shots (380 versus 210) out of a single battery charge.
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been on the market for longer (launched in July 2015).

If the count of individual advantages (bullet points above) is taken as a guide, the FZ300 emerges as the winner of the match-up (13 : 10 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding on a new camera. A professional wedding photographer will view the differences between cameras in a way that diverges from the perspective of a travel photog, and a person interested in cityscapes has distinct needs from a macro shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

In any case, while the specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it remains partial and cannot reveal, for example, the shooting experience and imaging performance when actually working with the M10 or the FZ300. User reviews that are available, for instance, at amazon can sometimes shed light on these issues, but such feedback is all too often partial, inconsistent, and inaccurate.

Expert reviews

This is where reviews by experts come in. The adjacent summary-table relays the overall verdicts of several of the most popular camera review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

#		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
2.		Panasonic FZ300	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	599	amazon.com
3.		Canon 6D Mark II	4/5	+	4/5	80/100	4.5/5	4/5	Jun 2017	1,999	amazon.com
4.		Canon 1D X Mark II	..	..	4.5/5	89/100	4.5/5	4.5/5	Feb 2016	5,999	ebay.com
5.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	549	ebay.com
6.		Leica M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	8,995	amazon.com
7.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	3,999	ebay.com
8.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
9.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
10.		Leica Q Typ 116	5/5	..	..	80/100	4.5/5	4.5/5	Jun 2015	4,249	ebay.com
11.		Leica SL	4/5	..	4/5	84/100	4.5/5	4/5	Oct 2015	7,450	ebay.com
12.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
13.		Nikon D5	..	..	4/5	89/100	4.5/5	5/5	Jan 2016	6,499	ebay.com
14.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
15.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
17.		Sony HX400V	4/5	+ +	..	..	4/5	4/5	Feb 2014	499	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The assessments were made in relation to similar cameras of the same technological generation. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparing ratings of very distinct cameras or ones that are far apart in terms of their release date have little meaning. Also, kindly note that some of the listed sites have over time developped their review approaches and their reporting style.

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Other camera comparisons

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, just make your choice using the following search menu. As an alternative, you can also directly jump to any one of the listed comparisons that were previously generated by the CAM-parator tool.

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