diff --git a/.rubocop.yml b/.rubocop.yml
index 8f38764..bf0ccba 100644
--- a/.rubocop.yml
+++ b/.rubocop.yml
@@ -175,6 +175,7 @@ Style/MethodCallWithArgsParentheses:
   - context
   - before
   - after
+  - to_not
 
 Style/DefWithParentheses:
   Enabled: false
diff --git a/lib/fastlane/plugin/icon_versioning/helper/icon_versioning_helper.rb b/lib/fastlane/plugin/icon_versioning/helper/icon_versioning_helper.rb
index ded5bcf..20ff8a6 100644
--- a/lib/fastlane/plugin/icon_versioning/helper/icon_versioning_helper.rb
+++ b/lib/fastlane/plugin/icon_versioning/helper/icon_versioning_helper.rb
@@ -1,11 +1,17 @@
-require 'fastlane_core/ui/ui'
+require 'digest'
+require 'fileutils'
 require 'mini_magick'
+require 'yaml'
+
+require 'fastlane_core/ui/ui'
 
 module Fastlane
   UI = FastlaneCore::UI unless Fastlane.const_defined?('UI')
 
   module Helper
     class IconVersioningHelper
+      CACHE_FILE_NAME = 'cache.yml'.freeze
+
       attr_accessor :appiconset_path
       attr_accessor :text
 
@@ -29,22 +35,46 @@ def initialize(params)
       def run()
         versioned_appiconset_path = self.class.get_versioned_path(self.appiconset_path)
 
-        FileUtils.remove_entry(versioned_appiconset_path, force: true)
-        FileUtils.copy_entry(self.appiconset_path, versioned_appiconset_path)
+        Dir.mkdir(versioned_appiconset_path) unless Dir.exist?(versioned_appiconset_path)
 
-        Dir.glob("#{versioned_appiconset_path}/*.png").each do |icon_path|
-          next if self.ignored_icons_regex && !(icon_path =~ self.ignored_icons_regex).nil?
+        cache_file_path = File.join(versioned_appiconset_path, CACHE_FILE_NAME)
 
-          version_icon(icon_path)
+        if File.exist?(cache_file_path)
+          cache = YAML.load_file(cache_file_path)
+        else
+          cache = {}
         end
+
+        Dir.glob("#{self.appiconset_path}/*.png").each do |original_icon_path|
+          versioned_icon_path = self.class.get_versioned_path(original_icon_path)
+
+          unless cache[original_icon_path].nil?
+            if File.exist?(versioned_icon_path)
+              versioned_icon_sha = Digest::SHA2.file(versioned_icon_path).hexdigest
+              cached_icon_sha = cache[original_icon_path]
+
+              next if versioned_icon_sha == cached_icon_sha
+            end
+          end
+
+          if self.ignored_icons_regex && !(original_icon_path =~ self.ignored_icons_regex).nil?
+            FileUtils.copy(original_icon_path, versioned_icon_path)
+          else
+            version_icon(original_icon_path, versioned_icon_path)
+          end
+
+          cache[original_icon_path] = Digest::SHA2.file(versioned_icon_path).hexdigest
+        end
+
+        File.open(cache_file_path, 'w') { |file| file.write(cache.to_yaml) }
       end
 
       def self.get_versioned_path(path)
         return path.gsub(/([^.]+)(\.appiconset)/, '\1-Versioned\2')
       end
 
-      private def version_icon(icon_path)
-        image = MiniMagick::Image.open(icon_path)
+      private def version_icon(original_icon_path, versioned_icon_path)
+        image = MiniMagick::Image.open(original_icon_path)
 
         width = image[:width]
         height = image[:height]
@@ -55,14 +85,14 @@ def self.get_versioned_path(path)
 
         band_top_position = height - band_height
 
-        blurred_icon_path = suffix(icon_path, 'blurred')
-        mask_icon_path = suffix(icon_path, 'mask')
-        text_base_icon_path = suffix(icon_path, 'text_base')
-        text_icon_path = suffix(icon_path, 'text')
-        temp_icon_path = suffix(icon_path, 'temp')
+        blurred_icon_path = suffix(versioned_icon_path, 'blurred')
+        mask_icon_path = suffix(versioned_icon_path, 'mask')
+        text_base_icon_path = suffix(versioned_icon_path, 'text_base')
+        text_icon_path = suffix(versioned_icon_path, 'text')
+        temp_icon_path = suffix(versioned_icon_path, 'temp')
 
         MiniMagick::Tool::Convert.new do |convert|
-          convert << icon_path
+          convert << original_icon_path
           convert << '-blur' << "#{band_blur_radius}x#{band_blur_sigma}"
           convert << blurred_icon_path
         end
@@ -94,7 +124,7 @@ def self.get_versioned_path(path)
         end
 
         MiniMagick::Tool::Convert.new do |convert|
-          convert << icon_path
+          convert << original_icon_path
           convert << blurred_icon_path
           convert << mask_icon_path
           convert << '-composite'
@@ -111,7 +141,7 @@ def self.get_versioned_path(path)
           convert << text_icon_path
           convert << '-geometry' << "+0+#{band_top_position}"
           convert << '-composite'
-          convert << icon_path
+          convert << versioned_icon_path
         end
 
         File.delete(text_base_icon_path, text_icon_path, temp_icon_path)
diff --git a/spec/icon_versioning_action_spec.rb b/spec/icon_versioning_action_spec.rb
index 65ada9c..2e7eeac 100644
--- a/spec/icon_versioning_action_spec.rb
+++ b/spec/icon_versioning_action_spec.rb
@@ -4,9 +4,17 @@
   let(:configuration) { FastlaneCore::Configuration }
 
   describe '#run' do
+    let(:original_appiconset_path) { './spec/fixtures/Valid.appiconset' }
+
+    before(:each) do
+      versioned_appiconset_path = action_helper.get_versioned_path(original_appiconset_path)
+
+      FileUtils.remove_entry(versioned_appiconset_path, force: true)
+    end
+
     it 'versions the icons in the appiconset directory' do
       options = {
-        appiconset_path: './spec/fixtures/Correct.appiconset',
+        appiconset_path: original_appiconset_path,
         text: 'test'
       }
 
@@ -23,7 +31,7 @@
 
     it 'versions all the icons in the appiconset directory' do
       options = {
-        appiconset_path: './spec/fixtures/Valid.appiconset',
+        appiconset_path: original_appiconset_path,
         text: 'test'
       }
 
@@ -31,20 +39,16 @@
 
       action.run(config)
 
-      versioned_appiconset_path = action_helper.get_versioned_path(options[:appiconset_path])
-
-      expect(Pathname.new(versioned_appiconset_path)).to exist
-
-      Dir.glob("#{versioned_appiconset_path}/*.png").each do |icon_path|
-        original_icon_path = icon_path.gsub(/-Versioned/, '')
+      Dir.glob("#{original_appiconset_path}/*.png").each do |original_icon_path|
+        versioned_icon_path = action_helper.get_versioned_path(original_icon_path)
 
-        expect(FileUtils.identical?(original_icon_path, icon_path)).to be false
+        expect(FileUtils.identical?(original_icon_path, versioned_icon_path)).to be false
       end
     end
 
     it 'versions all the icons in the appiconset directory except the ignored one' do
       options = {
-        appiconset_path: './spec/fixtures/Valid.appiconset',
+        appiconset_path: original_appiconset_path,
         text: 'test',
         ignored_icons_regex: /_ultra/
       }
@@ -53,17 +57,30 @@
 
       action.run(config)
 
-      versioned_appiconset_path = action_helper.get_versioned_path(options[:appiconset_path])
+      Dir.glob("#{original_appiconset_path}/*.png").each do |original_icon_path|
+        versioned_icon_path = action_helper.get_versioned_path(original_icon_path)
 
-      expect(Pathname.new(versioned_appiconset_path)).to exist
+        is_ignored = !(original_icon_path =~ options[:ignored_icons_regex]).nil?
 
-      Dir.glob("#{versioned_appiconset_path}/*.png").each do |icon_path|
-        original_icon_path = icon_path.gsub(/-Versioned/, '')
+        expect(FileUtils.identical?(original_icon_path, versioned_icon_path)).to eq(is_ignored)
+      end
+    end
 
-        is_ignored = !(icon_path =~ options[:ignored_icons_regex]).nil?
+    it 'versions all the icons except the cached one' do
+      options = {
+        appiconset_path: original_appiconset_path,
+        text: 'test'
+      }
 
-        expect(FileUtils.identical?(original_icon_path, icon_path)).to eq(is_ignored)
-      end
+      config = configuration.create(action.available_options, options)
+
+      expect_any_instance_of(action_helper).to receive(:version_icon).twice.and_call_original
+
+      action.run(config)
+
+      expect_any_instance_of(action_helper).to_not receive(:version_icon).and_call_original
+
+      action.run(config)
     end
   end
 end