diff --git a/compiler/util/src/org/jetbrains/jet/utils/Profiler.java b/compiler/util/src/org/jetbrains/jet/utils/Profiler.java
new file mode 100644
index 00000000000..84621742021
--- /dev/null
+++ b/compiler/util/src/org/jetbrains/jet/utils/Profiler.java
@@ -0,0 +1,204 @@
+/*
+ * Copyright 2010-2012 JetBrains s.r.o.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package org.jetbrains.jet.utils;
+
+import org.jetbrains.annotations.NotNull;
+import org.jetbrains.annotations.Nullable;
+
+import java.io.PrintStream;
+import java.util.Arrays;
+import java.util.Stack;
+import java.util.concurrent.locks.ReentrantLock;
+
+public class Profiler {
+    // The stack is synchronized here: this is intentional
+    private static final ThreadLocal<Stack<Profiler>> PROFILERS = new ThreadLocal<Stack<Profiler>>() {
+        @Override
+        protected Stack<Profiler> initialValue() {
+            return new Stack<Profiler>();
+        }
+    };
+
+    private static final ReentrantLock OUT_LOCK = new ReentrantLock();
+
+    @NotNull
+    public static Profiler create(@NotNull String name) {
+        return create(name, null);
+    }
+
+    @NotNull
+    public static Profiler create(@NotNull String name, @Nullable PrintStream out) {
+        Profiler profiler = new Profiler(name, out);
+        PROFILERS.get().push(profiler);
+        return profiler;
+    }
+
+    public static Profiler getFromContext() {
+        Stack<Profiler> profilers = PROFILERS.get();
+        if (profilers.isEmpty()) {
+            throw new UnsupportedOperationException();
+        }
+        return profilers.peek();
+    }
+
+    private final String name;
+    private final PrintStream out;
+    private long start;
+    private StackTraceElement[] stackTrace;
+    private boolean mute;
+
+    private Profiler(@NotNull String name, @Nullable PrintStream out) {
+        this.name = name;
+        this.out = out == null ? System.out : out;
+    }
+
+    public Profiler recordStackTrace(int depth) {
+        return recordStackTrace(1 /*skipping this frame*/, depth);
+    }
+
+    public Profiler recordStackTrace(int skip, int depth) {
+        StackTraceElement[] trace = new Throwable().getStackTrace();
+
+        int from = 1 + skip;
+        if (from >= trace.length) return this;
+
+        int to;
+        if (depth == -1) {
+            to = trace.length;
+        }
+        else {
+            to = Math.min(skip + depth + 1, trace.length);
+        }
+
+        stackTrace = Arrays.copyOfRange(trace, from, to);
+        return this;
+    }
+
+    public Profiler resetStackTrace() {
+        stackTrace = null;
+        return this;
+    }
+
+    public Profiler printStackTrace() {
+        if (stackTrace != null) {
+            OUT_LOCK.lock();
+            try {
+                for (StackTraceElement element : stackTrace) {
+                    println("\tat ", element);
+                }
+            }
+            finally {
+                OUT_LOCK.unlock();
+            }
+        }
+        return this;
+    }
+
+    public Profiler printEntering() {
+        println("Entering ", name);
+        return this;
+    }
+
+    public Profiler start() {
+        start = System.nanoTime();
+        return this;
+    }
+
+    public Profiler end() {
+        long delta = System.nanoTime() - start;
+
+        OUT_LOCK.lock();
+        try {
+            println(name, " took ", format(delta));
+            printStackTrace();
+        }
+        finally {
+            OUT_LOCK.unlock();
+        }
+
+        return this;
+    }
+
+    public Profiler mute() {
+        mute = true;
+        return this;
+    }
+
+    public Profiler unmute() {
+        mute = false;
+        return this;
+    }
+
+    public Profiler println(Object message) {
+        if (!mute) {
+            out.println(message);
+        }
+        return this;
+    }
+
+    public Profiler println(Object a, Object b) {
+        if (!mute) {
+            OUT_LOCK.lock();
+            try {
+                out.print(a);
+                out.println(b);
+            }
+            finally {
+                OUT_LOCK.unlock();
+            }
+        }
+        return this;
+    }
+
+    public Profiler println(Object a, Object b, Object c) {
+        if (!mute) {
+            OUT_LOCK.lock();
+            try {
+                out.print(a);
+                out.print(b);
+                out.println(c);
+            }
+            finally {
+                OUT_LOCK.unlock();
+            }
+        }
+        return this;
+    }
+
+    public Profiler println(Object a, Object b, Object c, Object... rest) {
+        if (!mute) {
+            OUT_LOCK.lock();
+            try {
+                out.print(a);
+                out.print(b);
+                out.print(c);
+                for (Object o : rest) {
+                    out.print(o);
+                }
+                out.println();
+            }
+            finally {
+                OUT_LOCK.unlock();
+            }
+        }
+        return this;
+    }
+
+    private static String format(long delta) {
+        return String.format("%.3fs", delta / 1e9);
+    }
+}