diff --git a/cli/npm/resolution/graph.rs b/cli/npm/resolution/graph.rs
index 8995b4076d..15ee48fb1e 100644
--- a/cli/npm/resolution/graph.rs
+++ b/cli/npm/resolution/graph.rs
@@ -139,6 +139,11 @@ struct Node {
   pub parents: BTreeMap<String, BTreeSet<NodeParent>>,
   pub children: BTreeMap<String, NpmPackageId>,
   pub deps: Arc<Vec<NpmDependencyEntry>>,
+  /// Whether the node has demonstrated to have no peer dependencies in its
+  /// descendants. If this is true then we can skip analyzing this node
+  /// again when we encounter it another time in the dependency tree, which
+  /// is much faster.
+  pub no_peers: bool,
 }
 
 impl Node {
@@ -225,6 +230,7 @@ impl Graph {
         parents: Default::default(),
         children: Default::default(),
         deps: Default::default(),
+        no_peers: false,
       }));
       self
         .packages_by_name
@@ -492,7 +498,7 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
     package_info: &NpmPackageInfo,
     parent_id: &NpmPackageId,
     visited_versions: &Arc<VisitedVersionsPath>,
-  ) -> Result<(), AnyError> {
+  ) -> Result<Arc<Mutex<Node>>, AnyError> {
     let node = self.resolve_node_from_info(
       &entry.name,
       match entry.kind {
@@ -515,7 +521,7 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
       &NodeParent::Node(parent_id.clone()),
     );
     self.try_add_pending_unresolved_node(Some(visited_versions), &node);
-    Ok(())
+    Ok(node)
   }
 
   fn try_add_pending_unresolved_node(
@@ -523,7 +529,13 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
     maybe_previous_visited_versions: Option<&Arc<VisitedVersionsPath>>,
     node: &Arc<Mutex<Node>>,
   ) {
-    let node_id = node.lock().id.clone();
+    let node_id = {
+      let node = node.lock();
+      if node.no_peers {
+        return; // skip, no need to analyze this again
+      }
+      node.id.clone()
+    };
     let visited_versions = match maybe_previous_visited_versions {
       Some(previous_visited_versions) => {
         match previous_visited_versions.with_id(&node_id) {
@@ -576,6 +588,7 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
       // so these are resolved in that order
       deps.sort();
       node.deps = Arc::new(deps);
+      node.no_peers = node.deps.is_empty();
     }
 
     Ok(node)
@@ -589,8 +602,8 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
       {
         let (mut parent_id, deps, existing_children) = {
           let parent_node = parent_node.lock();
-          if parent_node.forgotten {
-            // todo(dsherret): we should try to reproduce this scenario and write a test
+          if parent_node.forgotten || parent_node.no_peers {
+            // todo(dsherret): we should try to reproduce this forgotten scenario and write a test
             continue;
           }
 
@@ -622,20 +635,25 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
         }
 
         // resolve the dependencies
+        let mut found_peer = false;
         for dep in deps.iter() {
           let package_info = self.api.package_info(&dep.name).await?;
 
           match dep.kind {
             NpmDependencyEntryKind::Dep => {
-              self.analyze_dependency(
+              let node = self.analyze_dependency(
                 dep,
                 &package_info,
                 &parent_id,
                 &visited_versions,
               )?;
+              if !found_peer {
+                found_peer = !node.lock().no_peers;
+              }
             }
             NpmDependencyEntryKind::Peer
             | NpmDependencyEntryKind::OptionalPeer => {
+              found_peer = true;
               let maybe_new_parent_id = self.resolve_peer_dep(
                 &dep.bare_specifier,
                 &parent_id,
@@ -654,6 +672,10 @@ impl<'a, TNpmRegistryApi: NpmRegistryApi>
             }
           }
         }
+
+        if !found_peer {
+          self.graph.borrow_node(&parent_id).no_peers = true;
+        }
       }
     }
     Ok(())