diff --git a/paimon-common/src/main/java/org/apache/paimon/format/FileFormatFactory.java b/paimon-common/src/main/java/org/apache/paimon/format/FileFormatFactory.java
index b726a84f24a2..d377cb2815c2 100644
--- a/paimon-common/src/main/java/org/apache/paimon/format/FileFormatFactory.java
+++ b/paimon-common/src/main/java/org/apache/paimon/format/FileFormatFactory.java
@@ -19,13 +19,14 @@
 package org.apache.paimon.format;
 
 import org.apache.paimon.annotation.VisibleForTesting;
+import org.apache.paimon.factories.Factory;
 import org.apache.paimon.options.MemorySize;
 import org.apache.paimon.options.Options;
 
 import javax.annotation.Nullable;
 
 /** Factory to create {@link FileFormat}. */
-public interface FileFormatFactory {
+public interface FileFormatFactory extends Factory {
 
     String identifier();
 
diff --git a/paimon-format/src/main/resources/META-INF/services/org.apache.paimon.factories.Factory b/paimon-format/src/main/resources/META-INF/services/org.apache.paimon.factories.Factory
new file mode 100644
index 000000000000..4aa1b23b3b7a
--- /dev/null
+++ b/paimon-format/src/main/resources/META-INF/services/org.apache.paimon.factories.Factory
@@ -0,0 +1,18 @@
+# Licensed to the Apache Software Foundation (ASF) under one or more
+# contributor license agreements.  See the NOTICE file distributed with
+# this work for additional information regarding copyright ownership.
+# The ASF licenses this file to You under the Apache License, Version 2.0
+# (the "License"); you may not use this file except in compliance with
+# the License.  You may obtain a copy of the License at
+#
+#     http://www.apache.org/licenses/LICENSE-2.0
+#
+# Unless required by applicable law or agreed to in writing, software
+# distributed under the License is distributed on an "AS IS" BASIS,
+# WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+# See the License for the specific language governing permissions and
+# limitations under the License.
+
+org.apache.paimon.format.avro.AvroFileFormatFactory
+org.apache.paimon.format.orc.OrcFileFormatFactory
+org.apache.paimon.format.parquet.ParquetFileFormatFactory
\ No newline at end of file
diff --git a/paimon-format/src/test/java/org/apache/paimon/format/FormatPerformanceTest.java b/paimon-format/src/test/java/org/apache/paimon/format/FormatPerformanceTest.java
new file mode 100644
index 000000000000..995c6143e0d0
--- /dev/null
+++ b/paimon-format/src/test/java/org/apache/paimon/format/FormatPerformanceTest.java
@@ -0,0 +1,101 @@
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+
+package org.apache.paimon.format;
+
+import org.apache.paimon.factories.FactoryUtil;
+import org.apache.paimon.options.Options;
+
+import org.junit.Test;
+
+import java.util.ServiceLoader;
+
+import static org.assertj.core.api.Assertions.assertThat;
+
+/** test format performance. */
+public class FormatPerformanceTest {
+
+    @Test
+    public void testFormatPerformance() {
+        double objectCacheCost = newFileFormatWithObjectCache();
+        double serviceCost = newFileFormatWithServiceLoader();
+        double factoryUtilCost = newFileFormatWithFactoryUtil();
+        assertThat(objectCacheCost * 30 < serviceCost).isTrue();
+        assertThat(objectCacheCost * 30 < factoryUtilCost).isTrue();
+    }
+
+    private double newFileFormatWithServiceLoader() {
+        for (int i = 0; i < 1000; i++) {
+            loadFromIdentifier();
+        }
+        int times = 10_000;
+        long start = System.nanoTime();
+        int nothing = 0;
+        for (int i = 0; i < times; i++) {
+            nothing += loadFromIdentifier();
+        }
+        nothing = 0;
+        return ((double) (System.nanoTime() - start)) / 1000_000 / times + nothing;
+    }
+
+    private double newFileFormatWithObjectCache() {
+        for (int i = 0; i < 1000; i++) {
+            newFileFormat();
+        }
+        int times = 10_000;
+        long start = System.nanoTime();
+        for (int i = 0; i < times; i++) {
+            newFileFormat();
+        }
+        return ((double) (System.nanoTime() - start)) / 1000_000 / times;
+    }
+
+    private double newFileFormatWithFactoryUtil() {
+        for (int i = 0; i < 1000; i++) {
+            newFileFormatFromFactoryUtil();
+        }
+        int times = 10_000;
+        long start = System.nanoTime();
+        for (int i = 0; i < times; i++) {
+            newFileFormatFromFactoryUtil();
+        }
+        return ((double) (System.nanoTime() - start)) / 1000_000 / times;
+    }
+
+    private int loadFromIdentifier() {
+        ServiceLoader<FileFormatFactory> serviceLoader =
+                ServiceLoader.load(FileFormatFactory.class, FileFormat.class.getClassLoader());
+        int i = 0;
+        for (FileFormatFactory factory : serviceLoader) {
+            i++;
+        }
+        return i;
+    }
+
+    private FileFormat newFileFormat() {
+        FileFormat orc = FileFormat.fromIdentifier("orc", new Options());
+        return orc;
+    }
+
+    @Test
+    public void newFileFormatFromFactoryUtil() {
+        FileFormatFactory fileFormatFactory =
+                FactoryUtil.discoverFactory(
+                        FileFormatFactory.class.getClassLoader(), FileFormatFactory.class, "orc");
+    }
+}
diff --git a/paimon-format/src/test/java/org/apache/paimon/format/orc/OrcFileFormatTest.java b/paimon-format/src/test/java/org/apache/paimon/format/orc/OrcFileFormatTest.java
index 38957240816a..9e5769595c32 100644
--- a/paimon-format/src/test/java/org/apache/paimon/format/orc/OrcFileFormatTest.java
+++ b/paimon-format/src/test/java/org/apache/paimon/format/orc/OrcFileFormatTest.java
@@ -96,7 +96,7 @@ public void testCreateCost() {
             create();
         }
         double cost = ((double) (System.nanoTime() - start)) / 1000_000 / times;
-        assertThat(cost * 500 < createConfCost);
+        assertThat(cost * 500 < createConfCost).isTrue();
     }
 
     @Test
@@ -111,7 +111,7 @@ public void testCreateCostWithRandomConfig() {
             createRandomConfig();
         }
         double cost = ((double) (System.nanoTime() - start)) / 1000_000 / times;
-        assertThat(cost * 10 < createConfCost);
+        assertThat(cost * 10 < createConfCost).isTrue();
     }
 
     private double createConfigCost() {