diff --git a/compiler/cli/src/org/jetbrains/kotlin/cli/common/CommonCompilerPerformanceManager.kt b/compiler/cli/src/org/jetbrains/kotlin/cli/common/CommonCompilerPerformanceManager.kt
index 3085783a6f9..267bb100434 100644
--- a/compiler/cli/src/org/jetbrains/kotlin/cli/common/CommonCompilerPerformanceManager.kt
+++ b/compiler/cli/src/org/jetbrains/kotlin/cli/common/CommonCompilerPerformanceManager.kt
@@ -22,6 +22,7 @@ abstract class CommonCompilerPerformanceManager(private val presentableName: Str
     private var startGCData = mutableMapOf<String, GCData>()
 
     private var irTranslationStart: Long = 0
+    private var irLoweringStart: Long = 0
     private var irGenerationStart: Long = 0
 
     private var targetDescription: String? = null
@@ -88,6 +89,19 @@ abstract class CommonCompilerPerformanceManager(private val presentableName: Str
         )
     }
 
+    open fun notifyIRLoweringStarted() {
+        irLoweringStart = PerformanceCounter.currentTime()
+    }
+
+    open fun notifyIRLoweringFinished() {
+        val time = deltaTime(irLoweringStart)
+        measurements += IRMeasurement(
+            lines,
+            TimeUnit.NANOSECONDS.toMillis(time),
+            IRMeasurement.Kind.LOWERING
+        )
+    }
+
     open fun notifyIRGenerationStarted() {
         irGenerationStart = PerformanceCounter.currentTime()
     }
diff --git a/compiler/cli/src/org/jetbrains/kotlin/cli/common/performanceMeasurements.kt b/compiler/cli/src/org/jetbrains/kotlin/cli/common/performanceMeasurements.kt
index cc4c492794b..5771c469aa7 100644
--- a/compiler/cli/src/org/jetbrains/kotlin/cli/common/performanceMeasurements.kt
+++ b/compiler/cli/src/org/jetbrains/kotlin/cli/common/performanceMeasurements.kt
@@ -37,7 +37,7 @@ class IRMeasurement(val lines: Int?, val milliseconds: Long, val kind: Kind) : P
     override fun render(): String = formatMeasurement("IR $kind", milliseconds, lines)
 
     enum class Kind {
-        TRANSLATION, GENERATION
+        TRANSLATION, LOWERING, GENERATION
     }
 }
 
diff --git a/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt b/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
index 867ab0a1bb9..7beaf6b4ffb 100644
--- a/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
+++ b/compiler/cli/src/org/jetbrains/kotlin/cli/jvm/compiler/KotlinToJVMBytecodeCompiler.kt
@@ -387,10 +387,14 @@ object KotlinToJVMBytecodeCompiler {
 
             ProgressIndicatorAndCompilationCanceledStatus.checkCanceled()
 
-            performanceManager?.notifyIRGenerationStarted()
+            performanceManager?.notifyIRLoweringStarted()
             generationState.beforeCompile()
             codegenFactory.generateModuleInFrontendIRMode(
-                generationState, moduleFragment, symbolTable, sourceManager, extensions, FirJvmBackendExtension(session, components)
+                generationState, moduleFragment, symbolTable, sourceManager, extensions, FirJvmBackendExtension(session, components),
+                {
+                    performanceManager?.notifyIRLoweringFinished()
+                    performanceManager?.notifyIRGenerationStarted()
+                }
             )
             CodegenFactory.doCheckCancelled(generationState)
             generationState.factory.done()
diff --git a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmIrCodegenFactory.kt b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmIrCodegenFactory.kt
index 51a4cb98c19..04e314f7f3b 100644
--- a/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmIrCodegenFactory.kt
+++ b/compiler/ir/backend.jvm/src/org/jetbrains/kotlin/backend/jvm/JvmIrCodegenFactory.kt
@@ -49,6 +49,7 @@ class JvmIrCodegenFactory(private val phaseConfig: PhaseConfig) : CodegenFactory
         val irProviders: List<IrProvider>,
         val extensions: JvmGeneratorExtensions,
         val backendExtension: JvmBackendExtension,
+        val notifyCodegenStart: () -> Unit,
     )
 
     override fun generateModule(state: GenerationState, files: Collection<KtFile>) {
@@ -158,6 +159,7 @@ class JvmIrCodegenFactory(private val phaseConfig: PhaseConfig) : CodegenFactory
             irProviders,
             extensions,
             JvmBackendExtension.Default,
+            {},
         )
     }
 
@@ -173,7 +175,7 @@ class JvmIrCodegenFactory(private val phaseConfig: PhaseConfig) : CodegenFactory
     }
 
     fun doGenerateFilesInternal(input: JvmIrBackendInput) {
-        val (state, irModuleFragment, symbolTable, sourceManager, phaseConfig, irProviders, extensions, backendExtension) = input
+        val (state, irModuleFragment, symbolTable, sourceManager, phaseConfig, irProviders, extensions, backendExtension, notifyCodegenStart) = input
         val context = JvmBackendContext(
             state, sourceManager, irModuleFragment.irBuiltins, irModuleFragment,
             symbolTable, phaseConfig, extensions, backendExtension
@@ -189,6 +191,8 @@ class JvmIrCodegenFactory(private val phaseConfig: PhaseConfig) : CodegenFactory
 
         JvmLower(context).lower(irModuleFragment)
 
+        notifyCodegenStart()
+
         for (generateMultifileFacade in listOf(true, false)) {
             for (irFile in irModuleFragment.files) {
                 // Generate multifile facades first, to compute and store JVM signatures of const properties which are later used
@@ -221,10 +225,11 @@ class JvmIrCodegenFactory(private val phaseConfig: PhaseConfig) : CodegenFactory
         sourceManager: PsiSourceManager,
         extensions: JvmGeneratorExtensions,
         backendExtension: JvmBackendExtension,
+        notifyCodegenStart: () -> Unit
     ) {
         val irProviders = configureBuiltInsAndgenerateIrProvidersInFrontendIRMode(irModuleFragment, symbolTable, extensions)
         doGenerateFilesInternal(
-            JvmIrBackendInput(state, irModuleFragment, symbolTable, sourceManager, phaseConfig, irProviders, extensions, backendExtension)
+            JvmIrBackendInput(state, irModuleFragment, symbolTable, sourceManager, phaseConfig, irProviders, extensions, backendExtension, notifyCodegenStart)
         )
     }
 
diff --git a/compiler/tests-common-new/tests/org/jetbrains/kotlin/test/frontend/fir/Fir2IrResultsConverter.kt b/compiler/tests-common-new/tests/org/jetbrains/kotlin/test/frontend/fir/Fir2IrResultsConverter.kt
index 2c82f999c12..d6c5b69a5ae 100644
--- a/compiler/tests-common-new/tests/org/jetbrains/kotlin/test/frontend/fir/Fir2IrResultsConverter.kt
+++ b/compiler/tests-common-new/tests/org/jetbrains/kotlin/test/frontend/fir/Fir2IrResultsConverter.kt
@@ -91,7 +91,8 @@ class Fir2IrResultsConverter(
                 phaseConfig,
                 irProviders,
                 extensions,
-                FirJvmBackendExtension(inputArtifact.session, components)
+                FirJvmBackendExtension(inputArtifact.session, components),
+                {},
             )
         )
     }
diff --git a/compiler/tests-compiler-utils/tests/org/jetbrains/kotlin/codegen/GenerationUtils.kt b/compiler/tests-compiler-utils/tests/org/jetbrains/kotlin/codegen/GenerationUtils.kt
index 23e10301bca..26c8fc7a309 100644
--- a/compiler/tests-compiler-utils/tests/org/jetbrains/kotlin/codegen/GenerationUtils.kt
+++ b/compiler/tests-compiler-utils/tests/org/jetbrains/kotlin/codegen/GenerationUtils.kt
@@ -131,7 +131,7 @@ object GenerationUtils {
 
         generationState.beforeCompile()
         codegenFactory.generateModuleInFrontendIRMode(
-            generationState, moduleFragment, symbolTable, sourceManager, extensions, FirJvmBackendExtension(session, components),
+            generationState, moduleFragment, symbolTable, sourceManager, extensions, FirJvmBackendExtension(session, components), {},
         )
 
         generationState.factory.done()