diff --git a/change/change-8f44ede0-283e-4c95-bd01-a6e5d6c22499.json b/change/change-8f44ede0-283e-4c95-bd01-a6e5d6c22499.json
new file mode 100644
index 000000000..9f711befd
--- /dev/null
+++ b/change/change-8f44ede0-283e-4c95-bd01-a6e5d6c22499.json
@@ -0,0 +1,11 @@
+{
+  "changes": [
+    {
+      "type": "patch",
+      "comment": "Include filename and dep names in hash calculations",
+      "packageName": "@lage-run/hasher",
+      "email": "dobes@formative.com",
+      "dependentChangeType": "patch"
+    }
+  ]
+}
\ No newline at end of file
diff --git a/packages/hasher/src/FileHasher.ts b/packages/hasher/src/FileHasher.ts
index 1f7ebc684..9aa8e41a2 100644
--- a/packages/hasher/src/FileHasher.ts
+++ b/packages/hasher/src/FileHasher.ts
@@ -107,12 +107,18 @@ export class FileHasher {
     const updatedHashes = fastHash(updatedFiles, { cwd: this.options.root, concurrency: 4 }) ?? {};
 
     for (const [file, hash] of Object.entries(updatedHashes)) {
-      const stat = fs.statSync(path.join(this.options.root, file), { bigint: true });
-      this.#store[file] = {
-        mtime: stat.mtimeMs,
-        size: Number(stat.size),
-        hash: hash ?? "",
-      };
+      try {
+        const stat = fs.statSync(path.join(this.options.root, file), { bigint: true });
+        this.#store[file] = {
+          mtime: stat.mtimeMs,
+          size: Number(stat.size),
+          hash: hash ?? "",
+        };
+      } catch(e) {
+        if(e.code !== "ENOENT") {
+          throw e;
+        }
+      }
       hashes[file] = hash ?? "";
     }
 
diff --git a/packages/hasher/src/PackageTree.ts b/packages/hasher/src/PackageTree.ts
index e770093bc..75ee26202 100644
--- a/packages/hasher/src/PackageTree.ts
+++ b/packages/hasher/src/PackageTree.ts
@@ -121,14 +121,26 @@ export class PackageTree {
     const key = `${packageName}\0${patterns.join("\0")}`;
 
     if (!this.#memoizedPackageFiles[key]) {
-      const packagePatterns = patterns.map((pattern) => {
-        if (pattern.startsWith("!")) {
-          return `!${path.join(packagePath, pattern.slice(1)).replace(/\\/g, "/")}`;
+      const packagePatterns: string[] = [];
+      const simplePaths: string[] = [];
+      for(const pattern of patterns) {
+        // If the input is a pattern, we have to run micromatch to convert that into a list of files
+        if(/[{}*?\[\]!+()]|@\(/.test(pattern)) {
+          if (pattern.startsWith("!")) {
+            packagePatterns.push(`!${path.join(packagePath, pattern.slice(1)).replace(/\\/g, "/")}`);
+          } else {
+            packagePatterns.push(path.join(packagePath, pattern).replace(/\\/g, "/"));
+          }
+        } else {
+          // No special characters, so no need to do pattern matching, just take the file exactly as is, and
+          // assume it could/should exist
+          simplePaths.push(path.join(packagePath, pattern));
         }
-
-        return path.join(packagePath, pattern).replace(/\\/g, "/");
-      });
-      this.#memoizedPackageFiles[key] = micromatch(packageFiles, packagePatterns, { dot: true });
+      }
+      this.#memoizedPackageFiles[key] = [
+        ...simplePaths,
+        ...(packagePatterns.length ? micromatch(packageFiles, packagePatterns, { dot: true }) : []),
+      ].sort();
     }
 
     return this.#memoizedPackageFiles[key];
diff --git a/packages/hasher/src/TargetHasher.ts b/packages/hasher/src/TargetHasher.ts
index cb3f6b7f0..d2e4bb686 100644
--- a/packages/hasher/src/TargetHasher.ts
+++ b/packages/hasher/src/TargetHasher.ts
@@ -174,9 +174,9 @@ export class TargetHasher {
       }
 
       const files = await globAsync(target.inputs, { cwd: root });
-      const fileFashes = hash(files, { cwd: root }) ?? {};
+      const fileHashes = hash(files, { cwd: root }) ?? {};
 
-      const hashes = Object.values(fileFashes) as string[];
+      const hashes = Object.entries(fileHashes).map(p => p.join(' '));
 
       return hashStrings(hashes);
     }
@@ -201,18 +201,20 @@ export class TargetHasher {
     const fileHashes = this.fileHasher.hash(files) ?? {}; // this list is sorted by file name
 
     // get target hashes
-    const targetDepHashes = target.dependencies?.sort().map((targetDep) => this.targetHashes[targetDep]);
+    const targetDepHashes = target.dependencies?.sort().map(
+      (targetDep) => [targetDep, this.targetHashes[targetDep]].join(' ')
+    );
 
     const globalFileHashes = await this.getEnvironmentGlobHashes(root, target);
 
     const combinedHashes = [
       // Environmental hashes
-      ...Object.values(globalFileHashes),
+      ...Object.entries(globalFileHashes).map(p => p.join(' ')),
       `${target.id}|${JSON.stringify(this.options.cliArgs)}`,
       this.options.cacheKey || "",
 
       // File content hashes based on target.inputs
-      ...Object.values(fileHashes),
+      ...Object.entries(fileHashes).map(p => p.join(' ')),
 
       // Dependency hashes
       ...resolvedDependencies,
diff --git a/packages/hasher/src/__tests__/TargetHasher.test.ts b/packages/hasher/src/__tests__/TargetHasher.test.ts
index f8411792d..75c4b090f 100644
--- a/packages/hasher/src/__tests__/TargetHasher.test.ts
+++ b/packages/hasher/src/__tests__/TargetHasher.test.ts
@@ -103,6 +103,29 @@ describe("The main Hasher class", () => {
     monorepo2.cleanup();
   });
 
+  it("creates different hashes when a src file identified without any wildcard is changed", async () => {
+    const monorepo1 = await setupFixture("monorepo");
+    const hasher = new TargetHasher({ root: monorepo1.root, environmentGlob: [] });
+    const target = createTarget(monorepo1.root, "package-a", "build");
+    target.inputs = ["package.json", "src/index.ts"];
+    const hash = await getHash(hasher, target);
+
+    const monorepo2 = await setupFixture("monorepo");
+    const hasher2 = new TargetHasher({ root: monorepo2.root, environmentGlob: [] });
+    const target2 = createTarget(monorepo2.root, "package-a", "build");
+    target2.inputs = ["package.json", "src/index.ts"];
+
+    await monorepo2.commitFiles({ "packages/package-a/src/index.ts": "console.log('hello world');" });
+
+    const hash2 = await getHash(hasher2, target2);
+
+    expect(hash).not.toEqual(hash2);
+
+    monorepo1.cleanup();
+    monorepo2.cleanup();
+  });
+
+
   it("creates different hashes when a src file has changed for a dependency", async () => {
     const monorepo1 = await setupFixture("monorepo-with-deps");
     const hasher = new TargetHasher({ root: monorepo1.root, environmentGlob: [] });
@@ -172,4 +195,40 @@ describe("The main Hasher class", () => {
 
     monorepo1.cleanup();
   });
+
+  it("creates different hashes when file path is different but files do not exist", async () => {
+    const monorepo1 = await setupFixture("monorepo-with-global-files");
+    const hasher = new TargetHasher({ root: monorepo1.root, environmentGlob: [] });
+    const target = createTarget(monorepo1.root, "package-a", "build");
+    target.inputs = ["file1.txt"];
+    const target2 = createTarget(monorepo1.root, "package-a", "build");
+    target2.inputs = ["file2.txt"];
+
+    const hash = await getHash(hasher, target);
+    const hash2 = await getHash(hasher, target2);
+
+    expect(hash).not.toEqual(hash2);
+
+    monorepo1.cleanup();
+  });
+
+  it("creates different hashes when file path is different but file content is the same", async () => {
+    const content = "THIS IS CONTENT";
+    const monorepo1 = await setupFixture("monorepo-with-global-files");
+    const hasher = new TargetHasher({ root: monorepo1.root, environmentGlob: [] });
+    const target = createTarget(monorepo1.root, "package-a", "build");
+    target.inputs = ["file1.txt"];
+    fs.writeFileSync(path.join(monorepo1.root, "packages", "package-a", "file1.txt"), content);
+    const target2 = createTarget(monorepo1.root, "package-a", "build");
+    target2.inputs = ["file2.txt"];
+    fs.writeFileSync(path.join(monorepo1.root, "packages", "package-a", "file2.txt"), content);
+
+    const hash = await getHash(hasher, target);
+    const hash2 = await getHash(hasher, target2);
+
+    expect(hash).not.toEqual(hash2);
+
+    monorepo1.cleanup();
+  });
+
 });