The invention discloses a hot working method of a high-performance small-distortion carburized outer ring, relates to the technical field of hot working methods, and solves the technical problems of complex manufacturing process, non-uniform carburized layer depth and poor quality consistency of the existing outer ring, and is suitable for forging and heat treatment of the outer ring made of 17Cr2Ni2MoVNb steel, the diameter of the outer ring is 150-200 mm, and the wall thickness of the outer ring is 8-10 mm. The hot working method comprises the following steps of constructing a true stress-strain curve and a hot working diagram, forging, normalizing and tempering at a high temperature, roughly machining, thermal refining, roughly machining a tooth shape and the like, performing gas/liquid composite carburizing and tempering at a high temperature, quenching and tempering at a low temperature. According to the hot working method, the ovality of the carburized and quenched outer ring is controlled to be less than or equal to 0.15 mm, the grain size is greater than or equal to 8.5 grades, and the rotating bending fatigue strength of a furnace sample is greater than or equal to 1000 MPa; and the part has high performance, meanwhile, only small heat treatment deformation exists, and good industrial application value is achieved.