The invention discloses a compact power divider which mainly comprises a first output rectangular waveguide, an input rectangular waveguide which is connected with the first output rectangular waveguide and a second output waveguide, wherein a matching structure is arranged in the first output rectangular waveguide, and partially extends into the input rectangular waveguide, one end of the second output rectangular waveguide, which is far away from the matching structure, is bent around the axis direction of the first output waveguide by 90 degrees, and wave-absorbing materials are arranged at the bending part of the second output rectangular waveguide. The compact power divider has the beneficial effects that the compact power divider is simple to process, the matching structure and a magnetic T can be processed through one milling, so the assembly error during the assembly matching result is reduced, the compact power divider has a compact structure, the phase and amplitude balance of an output port is good, and isolated ports are well isolated from each other.