diff --git a/Cargo.lock b/Cargo.lock
index bc18ebc85def9..e5ad6cac3e197 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -561,17 +561,6 @@ version = "1.1.2"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "1505bd5d3d116872e7271a6d4e16d81d0c8570876c8de68093a09ac269d8aac0"
 
-[[package]]
-name = "atty"
-version = "0.2.14"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "d9b39be18770d11421cdb1b9947a45dd3f37e93092cbf377614828a319d5fee8"
-dependencies = [
- "hermit-abi 0.1.19",
- "libc",
- "winapi",
-]
-
 [[package]]
 name = "auto-hash-map"
 version = "0.1.0"
@@ -1154,18 +1143,6 @@ dependencies = [
  "half 2.4.1",
 ]
 
-[[package]]
-name = "clap"
-version = "3.2.25"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "4ea181bf566f71cb9a5d17a59e1871af638180a18fb0035c92ae62b705207123"
-dependencies = [
- "bitflags 1.3.2",
- "clap_lex 0.2.4",
- "indexmap 1.9.3",
- "textwrap",
-]
-
 [[package]]
 name = "clap"
 version = "4.5.2"
@@ -1184,7 +1161,7 @@ checksum = "ae129e2e766ae0ec03484e609954119f123cc1fe650337e155d03b022f24f7b4"
 dependencies = [
  "anstream",
  "anstyle",
- "clap_lex 0.7.0",
+ "clap_lex",
  "strsim 0.11.0",
  "terminal_size",
 ]
@@ -1195,7 +1172,7 @@ version = "4.5.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "885e4d7d5af40bfb99ae6f9433e292feac98d452dcb3ec3d25dfe7552b77da8c"
 dependencies = [
- "clap 4.5.2",
+ "clap",
 ]
 
 [[package]]
@@ -1210,15 +1187,6 @@ dependencies = [
  "syn 2.0.58",
 ]
 
-[[package]]
-name = "clap_lex"
-version = "0.2.4"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "2850f2f5a82cbf437dd5af4d49848fbdfc27c157c3d010345776f952765261c5"
-dependencies = [
- "os_str_bytes",
-]
-
 [[package]]
 name = "clap_lex"
 version = "0.7.0"
@@ -1231,6 +1199,30 @@ version = "0.2.3"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "67ba02a97a2bd10f4b59b25c7973101c79642302776489e030cd13cdab09ed15"
 
+[[package]]
+name = "codspeed"
+version = "2.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "3a104ac948e0188b921eb3fcbdd55dcf62e542df4c7ab7e660623f6288302089"
+dependencies = [
+ "colored",
+ "libc",
+ "serde_json",
+]
+
+[[package]]
+name = "codspeed-criterion-compat"
+version = "2.6.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "722c36bdc62d9436d027256ce2627af81ac7a596dfc7d13d849d0d212448d7fe"
+dependencies = [
+ "codspeed",
+ "colored",
+ "criterion",
+ "futures",
+ "tokio",
+]
+
 [[package]]
 name = "color_quant"
 version = "1.1.0"
@@ -1243,6 +1235,16 @@ version = "1.0.0"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "acbf1af155f9b9ef647e42cdc158db4b64a1b61f743629225fde6f3e0be2a7c7"
 
+[[package]]
+name = "colored"
+version = "2.1.0"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "cbf2150cce219b664a8a70df7a1f933836724b503f8a413af9365b4dcc4d90b8"
+dependencies = [
+ "lazy_static",
+ "windows-sys 0.48.0",
+]
+
 [[package]]
 name = "combine"
 version = "4.6.7"
@@ -1541,20 +1543,20 @@ dependencies = [
 
 [[package]]
 name = "criterion"
-version = "0.4.0"
+version = "0.5.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e7c76e09c1aae2bc52b3d2f29e13c6572553b30c4aa1b8a49fd70de6412654cb"
+checksum = "f2b12d017a929603d80db1831cd3a24082f8137ce19c69e6447f54f5fc8d692f"
 dependencies = [
  "anes",
- "atty",
  "cast",
  "ciborium",
- "clap 3.2.25",
+ "clap",
  "criterion-plot",
  "futures",
+ "is-terminal",
  "itertools 0.10.5",
- "lazy_static",
  "num-traits",
+ "once_cell",
  "oorandom",
  "plotters",
  "rayon",
@@ -2745,15 +2747,6 @@ version = "0.4.1"
 source = "registry+https://github.com/rust-lang/crates.io-index"
 checksum = "95505c38b4572b2d910cecb0281560f54b440a19336cbbcb27bf6ce6adc6f5a8"
 
-[[package]]
-name = "hermit-abi"
-version = "0.1.19"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "62b467343b94ba476dcb2500d242dadbb39557df889310ac77c5d99100aaac33"
-dependencies = [
- "libc",
-]
-
 [[package]]
 name = "hermit-abi"
 version = "0.3.2"
@@ -3183,6 +3176,17 @@ dependencies = [
  "syn 2.0.58",
 ]
 
+[[package]]
+name = "is-terminal"
+version = "0.4.13"
+source = "registry+https://github.com/rust-lang/crates.io-index"
+checksum = "261f68e344040fbd0edea105bef17c66edf46f984ddb1115b775ce31be948f4b"
+dependencies = [
+ "hermit-abi 0.4.0",
+ "libc",
+ "windows-sys 0.52.0",
+]
+
 [[package]]
 name = "is_debug"
 version = "1.0.1"
@@ -4290,7 +4294,7 @@ name = "node-file-trace"
 version = "0.1.0"
 dependencies = [
  "anyhow",
- "clap 4.5.2",
+ "clap",
  "console-subscriber",
  "serde",
  "serde_json",
@@ -4556,12 +4560,6 @@ dependencies = [
  "vcpkg",
 ]
 
-[[package]]
-name = "os_str_bytes"
-version = "6.6.1"
-source = "registry+https://github.com/rust-lang/crates.io-index"
-checksum = "e2355d85b9a3786f481747ced0e0ff2ba35213a1f9bd406ed906554d7af805a1"
-
 [[package]]
 name = "ouroboros"
 version = "0.17.2"
@@ -5270,7 +5268,7 @@ dependencies = [
  "built",
  "cc",
  "cfg-if",
- "clap 4.5.2",
+ "clap",
  "clap_complete",
  "console",
  "const_fn_assert",
@@ -6538,7 +6536,7 @@ name = "swc-ast-explorer"
 version = "0.1.0"
 dependencies = [
  "anyhow",
- "clap 4.5.2",
+ "clap",
  "owo-colors 3.5.0",
  "regex",
  "swc_core",
@@ -8556,7 +8554,7 @@ name = "turbo-static"
 version = "0.1.0"
 dependencies = [
  "bincode",
- "clap 4.5.2",
+ "clap",
  "ctrlc",
  "ignore",
  "itertools 0.10.5",
@@ -8670,6 +8668,7 @@ dependencies = [
  "auto-hash-map",
  "bitflags 1.3.2",
  "bytes",
+ "codspeed-criterion-compat",
  "concurrent-queue",
  "criterion",
  "dashmap",
@@ -8757,6 +8756,7 @@ version = "0.1.0"
 dependencies = [
  "anyhow",
  "auto-hash-map",
+ "codspeed-criterion-compat",
  "concurrent-queue",
  "criterion",
  "dashmap",
@@ -8802,6 +8802,7 @@ version = "0.1.0"
 dependencies = [
  "anyhow",
  "async-recursion",
+ "codspeed-criterion-compat",
  "criterion",
  "difference",
  "futures",
@@ -8838,6 +8839,7 @@ version = "0.1.0"
 dependencies = [
  "anyhow",
  "chromiumoxide",
+ "codspeed-criterion-compat",
  "criterion",
  "futures",
  "nix 0.26.4",
@@ -8884,7 +8886,8 @@ name = "turbopack-cli"
 version = "0.1.0"
 dependencies = [
  "anyhow",
- "clap 4.5.2",
+ "clap",
+ "codspeed-criterion-compat",
  "console-subscriber",
  "criterion",
  "dunce",
@@ -8923,7 +8926,7 @@ name = "turbopack-cli-utils"
 version = "0.1.0"
 dependencies = [
  "anyhow",
- "clap 4.5.2",
+ "clap",
  "crossterm 0.26.1",
  "owo-colors 3.5.0",
  "serde",
@@ -8970,7 +8973,7 @@ name = "turbopack-create-test-app"
 version = "0.1.0"
 dependencies = [
  "anyhow",
- "clap 4.5.2",
+ "clap",
  "indoc",
  "pathdiff",
  "serde_json",
@@ -9044,6 +9047,7 @@ version = "0.1.0"
 dependencies = [
  "anyhow",
  "async-trait",
+ "codspeed-criterion-compat",
  "criterion",
  "either",
  "indexmap 1.9.3",
diff --git a/Cargo.toml b/Cargo.toml
index 73a5e167d570f..cbd205f72d8f1 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -133,10 +133,11 @@ atty = "0.2.14"
 bytes = "1.1.0"
 chrono = "0.4.23"
 clap = { version = "4.5.2", features = ["derive"] }
+codspeed-criterion-compat = "2.6.0"
 concurrent-queue = "2.5.0"
 console = "0.15.5"
 console-subscriber = "0.1.8"
-criterion = "0.4.0"
+criterion = "0.5.1"
 crossbeam-channel = "0.5.8"
 dashmap = "5.4.0"
 dhat = { version = "0.3.2" }
diff --git a/turbopack/crates/turbo-tasks-fs/Cargo.toml b/turbopack/crates/turbo-tasks-fs/Cargo.toml
index c2d63dca2bf6d..e8830b28cca48 100644
--- a/turbopack/crates/turbo-tasks-fs/Cargo.toml
+++ b/turbopack/crates/turbo-tasks-fs/Cargo.toml
@@ -50,6 +50,7 @@ turbo-tasks-hash = { workspace = true }
 unicode-segmentation = { workspace = true }
 
 [dev-dependencies]
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 rstest = { workspace = true }
 sha2 = "0.10.2"
diff --git a/turbopack/crates/turbo-tasks-fs/benches/mod.rs b/turbopack/crates/turbo-tasks-fs/benches/mod.rs
index ec5a14eba482e..be3d045e473c4 100644
--- a/turbopack/crates/turbo-tasks-fs/benches/mod.rs
+++ b/turbopack/crates/turbo-tasks-fs/benches/mod.rs
@@ -5,7 +5,7 @@ use std::{
     time::{Duration, Instant},
 };
 
-use criterion::{
+use codspeed_criterion_compat::{
     criterion_group, criterion_main,
     measurement::{Measurement, WallTime},
     BenchmarkId, Criterion,
diff --git a/turbopack/crates/turbo-tasks-memory/Cargo.toml b/turbopack/crates/turbo-tasks-memory/Cargo.toml
index bc4f2f0d96963..9e2a272c819f8 100644
--- a/turbopack/crates/turbo-tasks-memory/Cargo.toml
+++ b/turbopack/crates/turbo-tasks-memory/Cargo.toml
@@ -34,6 +34,7 @@ turbo-tasks-hash = { workspace = true }
 turbo-tasks-malloc = { workspace = true, default-features = false }
 
 [dev-dependencies]
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 loom = "0.7.2"
 rand = { workspace = true, features = ["small_rng"] }
diff --git a/turbopack/crates/turbo-tasks-memory/benches/mod.rs b/turbopack/crates/turbo-tasks-memory/benches/mod.rs
index 6bbaf50152aa7..11585e9b01b31 100644
--- a/turbopack/crates/turbo-tasks-memory/benches/mod.rs
+++ b/turbopack/crates/turbo-tasks-memory/benches/mod.rs
@@ -1,6 +1,6 @@
 #![feature(arbitrary_self_types)]
 
-use criterion::{criterion_group, criterion_main, Criterion};
+use codspeed_criterion_compat::{criterion_group, criterion_main, Criterion};
 
 pub(crate) mod scope_stress;
 pub(crate) mod stress;
diff --git a/turbopack/crates/turbo-tasks-memory/benches/scope_stress.rs b/turbopack/crates/turbo-tasks-memory/benches/scope_stress.rs
index 8e406a25a25f1..77d7128f9ac81 100644
--- a/turbopack/crates/turbo-tasks-memory/benches/scope_stress.rs
+++ b/turbopack/crates/turbo-tasks-memory/benches/scope_stress.rs
@@ -1,5 +1,5 @@
 use anyhow::Result;
-use criterion::{BenchmarkId, Criterion};
+use codspeed_criterion_compat::{BenchmarkId, Criterion};
 use turbo_tasks::{Completion, ReadConsistency, TryJoinIterExt, TurboTasks, Vc};
 use turbo_tasks_memory::MemoryBackend;
 
diff --git a/turbopack/crates/turbo-tasks-memory/benches/stress.rs b/turbopack/crates/turbo-tasks-memory/benches/stress.rs
index 31040560e46a9..3b66deabc77e1 100644
--- a/turbopack/crates/turbo-tasks-memory/benches/stress.rs
+++ b/turbopack/crates/turbo-tasks-memory/benches/stress.rs
@@ -1,5 +1,5 @@
 use anyhow::Result;
-use criterion::{BenchmarkId, Criterion};
+use codspeed_criterion_compat::{BenchmarkId, Criterion};
 use turbo_tasks::{ReadConsistency, TryJoinIterExt, TurboTasks, Vc};
 use turbo_tasks_memory::MemoryBackend;
 
diff --git a/turbopack/crates/turbopack-bench/Cargo.toml b/turbopack/crates/turbopack-bench/Cargo.toml
index 3646b0bba790e..f18f4ee546a0e 100644
--- a/turbopack/crates/turbopack-bench/Cargo.toml
+++ b/turbopack/crates/turbopack-bench/Cargo.toml
@@ -21,6 +21,7 @@ anyhow = { workspace = true, features = ["backtrace"] }
 chromiumoxide = { workspace = true, features = [
   "tokio-runtime",
 ], default-features = false }
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 futures = { workspace = true }
 once_cell = { workspace = true }
diff --git a/turbopack/crates/turbopack-bench/benches/mod.rs b/turbopack/crates/turbopack-bench/benches/mod.rs
index fbb66c36f6d96..0c4f29d8ee3dc 100644
--- a/turbopack/crates/turbopack-bench/benches/mod.rs
+++ b/turbopack/crates/turbopack-bench/benches/mod.rs
@@ -1,4 +1,4 @@
-use criterion::{criterion_group, criterion_main, Criterion};
+use codspeed_criterion_compat::{criterion_group, criterion_main, Criterion};
 use turbopack_bench::bundlers::Bundler;
 
 fn get_bundlers() -> Vec<Box<dyn Bundler>> {
diff --git a/turbopack/crates/turbopack-bench/src/lib.rs b/turbopack/crates/turbopack-bench/src/lib.rs
index 4e3df12db039f..c24ac62ec798b 100644
--- a/turbopack/crates/turbopack-bench/src/lib.rs
+++ b/turbopack/crates/turbopack-bench/src/lib.rs
@@ -10,7 +10,7 @@ use std::{
 };
 
 use anyhow::{anyhow, Context, Result};
-use criterion::{
+use codspeed_criterion_compat::{
     measurement::{Measurement, WallTime},
     BenchmarkGroup, BenchmarkId, Criterion,
 };
diff --git a/turbopack/crates/turbopack-bench/src/util/mod.rs b/turbopack/crates/turbopack-bench/src/util/mod.rs
index cf9b317a96b81..c03e9703c94a3 100644
--- a/turbopack/crates/turbopack-bench/src/util/mod.rs
+++ b/turbopack/crates/turbopack-bench/src/util/mod.rs
@@ -12,7 +12,9 @@ use chromiumoxide::{
     browser::{Browser, BrowserConfig},
     error::CdpError::Ws,
 };
-use criterion::{async_executor::AsyncExecutor, black_box, measurement::WallTime, AsyncBencher};
+use codspeed_criterion_compat::{
+    async_executor::AsyncExecutor, black_box, measurement::WallTime, AsyncBencher,
+};
 use futures::{Future, StreamExt};
 pub use page_guard::PageGuard;
 use parking_lot::Mutex;
@@ -155,7 +157,7 @@ pub trait AsyncBencherExtension<A: AsyncExecutor> {
         TF: Future<Output = ()>;
 }
 
-impl<'a, 'b, A: AsyncExecutor> AsyncBencherExtension<A> for AsyncBencher<'a, 'b, A, WallTime> {
+impl<'a, 'b, A: AsyncExecutor> AsyncBencherExtension<A> for AsyncBencher<'a, 'b, A> {
     fn try_iter_custom<R, F>(&mut self, routine: R)
     where
         R: Fn(u64, WallTime) -> F,
diff --git a/turbopack/crates/turbopack-cli/Cargo.toml b/turbopack/crates/turbopack-cli/Cargo.toml
index 449b0ad4d0a56..e2f3facf7b5c5 100644
--- a/turbopack/crates/turbopack-cli/Cargo.toml
+++ b/turbopack/crates/turbopack-cli/Cargo.toml
@@ -72,6 +72,7 @@ turbopack-trace-utils = { workspace = true }
 webbrowser = { workspace = true }
 
 [dev-dependencies]
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 regex = { workspace = true }
 turbopack-bench = { workspace = true }
diff --git a/turbopack/crates/turbopack-cli/benches/mod.rs b/turbopack/crates/turbopack-cli/benches/mod.rs
index 7236f5cc340b7..aed0ac9cc31ab 100644
--- a/turbopack/crates/turbopack-cli/benches/mod.rs
+++ b/turbopack/crates/turbopack-cli/benches/mod.rs
@@ -1,4 +1,4 @@
-use criterion::{criterion_group, criterion_main, Criterion};
+use codspeed_criterion_compat::{criterion_group, criterion_main, Criterion};
 use turbopack_bench::bundlers::Bundler;
 
 mod bundler;
diff --git a/turbopack/crates/turbopack-ecmascript/Cargo.toml b/turbopack/crates/turbopack-ecmascript/Cargo.toml
index def9af1d8e19a..ac651094c8a0c 100644
--- a/turbopack/crates/turbopack-ecmascript/Cargo.toml
+++ b/turbopack/crates/turbopack-ecmascript/Cargo.toml
@@ -67,6 +67,7 @@ swc_core = { workspace = true, features = [
 ] }
 
 [dev-dependencies]
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 #rstest = { workspace = true }
 turbo-tasks-memory = { workspace = true }
diff --git a/turbopack/crates/turbopack-ecmascript/benches/analyzer.rs b/turbopack/crates/turbopack-ecmascript/benches/analyzer.rs
index de3bd88d872e9..aaf435017e954 100644
--- a/turbopack/crates/turbopack-ecmascript/benches/analyzer.rs
+++ b/turbopack/crates/turbopack-ecmascript/benches/analyzer.rs
@@ -1,6 +1,6 @@
 use std::{fs, path::PathBuf, sync::Arc, time::Duration};
 
-use criterion::{Bencher, BenchmarkId, Criterion};
+use codspeed_criterion_compat::{Bencher, BenchmarkId, Criterion};
 use swc_core::{
     common::{FilePathMapping, Mark, SourceMap, GLOBALS},
     ecma::{
diff --git a/turbopack/crates/turbopack-ecmascript/benches/mod.rs b/turbopack/crates/turbopack-ecmascript/benches/mod.rs
index 48208446e41e4..8956bd3c76b38 100644
--- a/turbopack/crates/turbopack-ecmascript/benches/mod.rs
+++ b/turbopack/crates/turbopack-ecmascript/benches/mod.rs
@@ -1,4 +1,4 @@
-use criterion::{criterion_group, criterion_main};
+use codspeed_criterion_compat::{criterion_group, criterion_main};
 
 mod analyzer;
 
diff --git a/turbopack/crates/turbopack/Cargo.toml b/turbopack/crates/turbopack/Cargo.toml
index ff161cc2c61c2..5534ec589e097 100644
--- a/turbopack/crates/turbopack/Cargo.toml
+++ b/turbopack/crates/turbopack/Cargo.toml
@@ -42,6 +42,7 @@ turbopack-static = { workspace = true }
 turbopack-wasm = { workspace = true }
 
 [dev-dependencies]
+codspeed-criterion-compat = { workspace = true, features = ["async_tokio"] }
 criterion = { workspace = true, features = ["async_tokio"] }
 difference = "2.0"
 futures = { workspace = true }
diff --git a/turbopack/crates/turbopack/benches/mod.rs b/turbopack/crates/turbopack/benches/mod.rs
index b1d1f6d977a1f..83ee815539f19 100644
--- a/turbopack/crates/turbopack/benches/mod.rs
+++ b/turbopack/crates/turbopack/benches/mod.rs
@@ -1,4 +1,4 @@
-use criterion::{criterion_group, criterion_main};
+use codspeed_criterion_compat::{criterion_group, criterion_main};
 
 mod node_file_trace;
 
diff --git a/turbopack/crates/turbopack/benches/node_file_trace.rs b/turbopack/crates/turbopack/benches/node_file_trace.rs
index 7c38298b5c4f7..3bd491e1f1197 100644
--- a/turbopack/crates/turbopack/benches/node_file_trace.rs
+++ b/turbopack/crates/turbopack/benches/node_file_trace.rs
@@ -1,8 +1,8 @@
 use std::{collections::HashMap, fs, path::PathBuf};
 
-use criterion::{Bencher, BenchmarkId, Criterion};
+use codspeed_criterion_compat::{Bencher, BenchmarkId, Criterion};
 use regex::Regex;
-use turbo_tasks::{RcStr, ReadConsistency, TurboTasks, Value, Vc};
+use turbo_tasks::{vdbg, RcStr, ReadConsistency, TurboTasks, Value, Vc};
 use turbo_tasks_fs::{DiskFileSystem, FileSystem, NullFileSystem};
 use turbo_tasks_memory::MemoryBackend;
 use turbopack::{