A novel compact ultra-wideband (UWB) eight-way ring-cavity power divider is presented in this paper. To broaden the bandwidth of the power divider/combiner, the stepped-impedance technology is used to realize the impedance match. The network of this eight-way ring-cavity power divider has been analyzed. The measured results reasonably agree with the simulated ones. The measured return loss is greater than 10 dB from 5.2 to 18.6 GHz. The average insertion loss, amplitude imbalance, and phase imbalance are around 9.4 dB (including the 9-dB power-dividing insertion loss), ±0.7 dB, ±6°, respectively, across the entire operating frequency range.