diff --git a/cmake/libdwarfs.cmake b/cmake/libdwarfs.cmake
index 65df5fc9..a68f38a6 100644
--- a/cmake/libdwarfs.cmake
+++ b/cmake/libdwarfs.cmake
@@ -40,7 +40,7 @@ add_library(
   src/option_map.cpp
   src/os_access_generic.cpp
   src/pcm_sample_transformer.cpp
-  src/performance_monitor.cpp
+  $<IF:$<BOOL:${ENABLE_PERFMON}>,src/performance_monitor.cpp,>
   src/terminal_ansi.cpp
   src/thread_pool.cpp
   src/util.cpp
diff --git a/tools/src/dwarfs_main.cpp b/tools/src/dwarfs_main.cpp
index 065001ff..c2c10580 100644
--- a/tools/src/dwarfs_main.cpp
+++ b/tools/src/dwarfs_main.cpp
@@ -1525,7 +1525,6 @@ void load_filesystem(dwarfs_userdata& userdata) {
     perfmon_trace_file = userdata.iol.os->canonical(std::filesystem::path(
         reinterpret_cast<char8_t const*>(opts.perfmon_trace_file_str)));
   }
-#endif
 
   userdata.perfmon = performance_monitor::create(
       perfmon_enabled, userdata.iol.file, perfmon_trace_file);
@@ -1541,6 +1540,7 @@ void load_filesystem(dwarfs_userdata& userdata) {
   PERFMON_EXT_TIMER_SETUP(userdata, op_statfs)
   PERFMON_EXT_TIMER_SETUP(userdata, op_getxattr, "inode")
   PERFMON_EXT_TIMER_SETUP(userdata, op_listxattr, "inode")
+#endif
 
   if (opts.analysis_file_str) {
     auto file = userdata.iol.os->canonical(std::filesystem::path(
diff --git a/tools/src/dwarfsextract_main.cpp b/tools/src/dwarfsextract_main.cpp
index d25c3b90..34ce0482 100644
--- a/tools/src/dwarfsextract_main.cpp
+++ b/tools/src/dwarfsextract_main.cpp
@@ -191,18 +191,23 @@ int dwarfsextract_main(int argc, sys_char** argv, iolayer const& iol) {
     fsopts.block_cache.disable_block_integrity_check = disable_integrity_check;
     fsopts.metadata.enable_nlink = true;
 
+    std::shared_ptr<performance_monitor> perfmon;
+
+#if DWARFS_PERFMON_ENABLED
     std::unordered_set<std::string> perfmon_enabled;
     std::optional<std::filesystem::path> perfmon_trace_file;
-#if DWARFS_PERFMON_ENABLED
+
     if (!perfmon_str.empty()) {
       split_to(perfmon_str, ',', perfmon_enabled);
     }
+
     if (!trace_file.empty()) {
       perfmon_trace_file = iol.os->canonical(trace_file);
     }
+
+    perfmon = performance_monitor::create(perfmon_enabled, iol.file,
+                                          perfmon_trace_file);
 #endif
-    std::shared_ptr<performance_monitor> perfmon = performance_monitor::create(
-        perfmon_enabled, iol.file, perfmon_trace_file);
 
     reader::filesystem_v2_lite fs(lgr, *iol.os, fs_image, fsopts, perfmon);
     utility::filesystem_extractor fsx(lgr, *iol.os);