diff --git a/packages/babel-compiler/babel-compiler.js b/packages/babel-compiler/babel-compiler.js
index f8d6217d54..f9ea38f32f 100644
--- a/packages/babel-compiler/babel-compiler.js
+++ b/packages/babel-compiler/babel-compiler.js
@@ -1,6 +1,8 @@
 var semver = Npm.require("semver");
 var JSON5 = Npm.require("json5");
 var SWC = Npm.require("@swc/core");
+var fs = Npm.require('fs');
+var path = Npm.require('path');
 
 /**
  * A compiler that can be instantiated with features and used inside
@@ -51,7 +53,9 @@ BCp.processFilesForTarget = function (inputFiles) {
 // Returns an object suitable for passing to inputFile.addJavaScript, or
 // null to indicate there was an error, and nothing should be added.
 BCp.processOneFileForTarget = function (inputFile, source) {
+  var self = this; // capture context
   this._babelrcCache = this._babelrcCache || Object.create(null);
+  this._transformCache = this._transformCache || Object.create(null);
 
   if (typeof source !== "string") {
     // Other compiler plugins can call processOneFileForTarget with a
@@ -122,23 +126,18 @@ BCp.processOneFileForTarget = function (inputFile, source) {
       },
     };
 
-    this.inferTypeScriptConfig(
-      features, inputFile, cacheOptions.cacheDeps);
+    this.inferTypeScriptConfig(features, inputFile, cacheOptions.cacheDeps);
 
     var babelOptions = Babel.getDefaultOptions(features);
     babelOptions.caller = { name: "meteor", arch };
 
-    this.inferExtraBabelOptions(
-      inputFile,
-      babelOptions,
-      cacheOptions.cacheDeps
-    );
+    this.inferExtraBabelOptions(inputFile, babelOptions, cacheOptions.cacheDeps);
 
     babelOptions.sourceMaps = true;
     babelOptions.filename =
       babelOptions.sourceFileName = packageName
-      ? "packages/" + packageName + "/" + inputFilePath
-      : inputFilePath;
+        ? "packages/" + packageName + "/" + inputFilePath
+        : inputFilePath;
 
     if (this.modifyBabelConfig) {
       this.modifyBabelConfig(babelOptions, inputFile);
@@ -146,19 +145,38 @@ BCp.processOneFileForTarget = function (inputFile, source) {
 
     try {
       var result = profile('Babel.compile', function () {
-        let compilation;
+        // Determine if SWC should be used based on package and file criteria.
+        const packagesSkipSwc = [];
+        const fileSkipSwc = ['webapp_server.js']; // top level await
+        const shouldUseSwc = !packagesSkipSwc.includes(packageName) &&
+          !fileSkipSwc.includes(inputFilePath);
+
+        // Create a cache key based on the source hash and the compiler used.
+        const cacheKey = `${toBeAdded.hash}-${shouldUseSwc ? 'swc' : 'babel'}`;
+
+        // Check RAM cache
+        let compilation = self._transformCache[cacheKey];
+        // Check file system cache if enabled
+        if (!compilation && self.cacheDirectory) {
+          const cacheFilePath = path.join(self.cacheDirectory, 'compilation-cache', cacheKey + '.json');
+          if (fs.existsSync(cacheFilePath)) {
+            try {
+              compilation = JSON.parse(fs.readFileSync(cacheFilePath, 'utf8'));
+              self._transformCache[cacheKey] = compilation;
+            } catch (e) {
+              // If reading/parsing the cache fails, ignore and continue.
+            }
+          }
+        }
+        // Return cached result if found.
+        if (compilation) {
+          return compilation;
+        }
+
+        // Perform compilation
         try {
-          const packagesSkipSwc = [];
-          const fileSkipSwc = ['webapp_server.js']; // top level await
-
-          // Determine if SWC should be used based on package and file criteria.
-          const shouldUseSwc =
-            !packagesSkipSwc.includes(packageName) &&
-              !fileSkipSwc.includes(inputFilePath);
-
           if (shouldUseSwc) {
-            const isTypescriptSyntax =
-              inputFilePath.endsWith('.ts') || inputFilePath.endsWith('.tsx');
+            const isTypescriptSyntax = inputFilePath.endsWith('.ts') || inputFilePath.endsWith('.tsx');
             const hasTSXSupport = inputFilePath.endsWith('.tsx');
             const hasJSXSupport = inputFilePath.endsWith('.jsx');
 
@@ -190,6 +208,17 @@ BCp.processOneFileForTarget = function (inputFile, source) {
           compilation = Babel.compile(source, babelOptions, cacheOptions);
         }
 
+        // Save result in caches
+        self._transformCache[cacheKey] = compilation;
+        if (self.cacheDirectory) {
+          const cacheFilePath = path.join(self.cacheDirectory, 'compilation-cache', cacheKey + '.json');
+          try {
+            fs.mkdirSync(path.dirname(cacheFilePath), { recursive: true });
+            fs.writeFileSync(cacheFilePath, JSON.stringify(compilation), 'utf8');
+          } catch (e) {
+            // If file caching fails, ignore the error.
+          }
+        }
         return compilation;
       });
     } catch (e) {