diff --git a/llvm/benchmarks/SandboxIRBench.cpp b/llvm/benchmarks/SandboxIRBench.cpp
index ca2cab664f91..d4601d5f53d0 100644
--- a/llvm/benchmarks/SandboxIRBench.cpp
+++ b/llvm/benchmarks/SandboxIRBench.cpp
@@ -89,6 +89,31 @@ static std::string generateBBWalkIR(unsigned Size) {
   return SS.str();
 }
 
+template <IR IRTy> static void SBoxIRCreation(benchmark::State &State) {
+  static_assert(IRTy != IR::LLVM, "Expected SBoxTracking or SBoxNoTracking");
+  LLVMContext LLVMCtx;
+  unsigned NumInstrs = State.range(0);
+  std::unique_ptr<llvm::Module> LLVMM;
+  std::string IRStr = generateBBWalkIR(NumInstrs);
+  LLVMM = parseIR(LLVMCtx, IRStr.c_str());
+  llvm::Function *LLVMF = &*LLVMM->getFunction("foo");
+
+  for (auto _ : State) {
+    State.PauseTiming();
+    sandboxir::Context Ctx(LLVMCtx);
+    if constexpr (IRTy == IR::SBoxTracking)
+      Ctx.save();
+    State.ResumeTiming();
+
+    sandboxir::Function *F = Ctx.createFunction(LLVMF);
+    benchmark::DoNotOptimize(F);
+    State.PauseTiming();
+    if constexpr (IRTy == IR::SBoxTracking)
+      Ctx.accept();
+    State.ResumeTiming();
+  }
+}
+
 template <IR IRTy> static void BBWalk(benchmark::State &State) {
   LLVMContext LLVMCtx;
   sandboxir::Context Ctx(LLVMCtx);
@@ -189,6 +214,16 @@ template <IR IRTy> static void RUOW(benchmark::State &State) {
   finalize<IRTy>(Ctx);
 }
 
+// Measure the time it takes to create Sandbox IR without/with tracking.
+BENCHMARK(SBoxIRCreation<IR::SBoxNoTracking>)
+    ->Args({10})
+    ->Args({100})
+    ->Args({1000});
+BENCHMARK(SBoxIRCreation<IR::SBoxTracking>)
+    ->Args({10})
+    ->Args({100})
+    ->Args({1000});
+
 BENCHMARK(GetType<IR::LLVM>);
 BENCHMARK(GetType<IR::SBoxNoTracking>);