diff --git a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/BoundArtifactVersion.java b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/BoundArtifactVersion.java
index b98dc8511..981c3ac3f 100644
--- a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/BoundArtifactVersion.java
+++ b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/BoundArtifactVersion.java
@@ -56,7 +56,7 @@ public int compareTo(ArtifactVersion other) {
             return -1;
         }
 
-        return comparator.compareTo(new ComparableVersion(other.toString()));
+        return comparator.compareTo(ComparableVersion.of(other.toString()));
     }
 
     @Override
diff --git a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/ComparableVersion.java b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/ComparableVersion.java
index 38dcd7999..0b8695680 100644
--- a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/ComparableVersion.java
+++ b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/ComparableVersion.java
@@ -26,8 +26,10 @@
 import java.util.List;
 import java.util.ListIterator;
 import java.util.Locale;
+import java.util.Map;
 import java.util.Properties;
 import java.util.Stack;
+import java.util.concurrent.ConcurrentHashMap;
 
 /**
  * Generic implementation of version comparison.
@@ -37,6 +39,8 @@
  * Note: The implementation of the maven core should be used.
  */
 public class ComparableVersion implements Comparable<ComparableVersion> {
+    private static final Map<String, ComparableVersion> CACHE = new ConcurrentHashMap<>();
+
     private String value;
 
     private String canonical;
@@ -283,7 +287,17 @@ public String toString() {
         }
     }
 
-    public ComparableVersion(String version) {
+    /**
+     * Get a ComparableVersion representing the version in a string.
+     */
+    public static ComparableVersion of(String version) {
+        return CACHE.computeIfAbsent(version, ComparableVersion::new);
+    }
+
+    /**
+     * Create a ComparableVersion from a string. Try to avoid using this and instead use the cache by calling {@link #of(String)}
+     */
+    protected ComparableVersion(String version) {
         parseVersion(version);
     }
 
diff --git a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MavenVersionComparator.java b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MavenVersionComparator.java
index 2b6fde15f..96b0140c6 100644
--- a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MavenVersionComparator.java
+++ b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MavenVersionComparator.java
@@ -39,7 +39,7 @@ public int compare(ArtifactVersion o1, ArtifactVersion o2) {
         if (o1 instanceof BoundArtifactVersion) {
             return o1.compareTo(o2);
         }
-        return new ComparableVersion(o1.toString()).compareTo(new ComparableVersion(o2.toString()));
+        return ComparableVersion.of(o1.toString()).compareTo(ComparableVersion.of(o2.toString()));
     }
 
     /**
diff --git a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MercuryVersionComparator.java b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MercuryVersionComparator.java
index 2f6e4a8bf..8ee880928 100644
--- a/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MercuryVersionComparator.java
+++ b/versions-common/src/main/java/org/codehaus/mojo/versions/ordering/MercuryVersionComparator.java
@@ -40,7 +40,7 @@ public class MercuryVersionComparator extends AbstractVersionComparator {
      * {@inheritDoc}
      */
     public int compare(ArtifactVersion o1, ArtifactVersion o2) {
-        return new ComparableVersion(o1.toString()).compareTo(new ComparableVersion(o2.toString()));
+        return ComparableVersion.of(o1.toString()).compareTo(ComparableVersion.of(o2.toString()));
     }
 
     protected int innerGetSegmentCount(ArtifactVersion v) {