Python .py files are compiled into .pyc files. .pyc files are the files, which python interpreter can understand and execute. Thus, You must be clear that compilation and loading is different. Compilation means converting .py text-formatted source file into .pyc binary formatted bytecodes. Loading means analyzing and instantiating the symbols and source-code(in binary form) present in .pyc file into memory, so that program execution can continue.
Coming to your question, there're several ways to measure this :-
Create two module files module1.py and module2.py. In module2.py, import module1.py. Use timeit python module in module2.py to find the load time of module1.py. For info. on how to use timeit module, refer How to use timeit module.
Run module2.py from command prompt, in two cases :- (1) when .pyc file for module1 is present, (2) when .pyc file for module1 is not present.
By the way, you may or may not notice any significant difference in timings in both cases. However it depends how much lines of code and imports are done in module1.py
Hoping it'll helps you.