The invention provides ointment capable of eliminating phlegm and stopping cough and a preparation method of the ointment, relating to the field of medical supplies. The ointment is prepared from thefollowing raw materials: peach kernels, flos carthami, fresh ginger, rock candy, pear syrup, bulbus fritillariae cirrhosae, semen ginkgo, garlic, rhizoma coptidis, fructus trichosanthis, radix trichosanthis, radix asparagi, folium eriobotryae, licorice root, radix platycodi, herba ephedra, radix stemonae, fructus viticis negundo, herba solani nigri, morning glory flowers, apricot kernels, honey, radix platycodi, fructus aristolochiae, flos farfarae, receptaculum fici, cormus eleocharitis dulcis, white radish, and an appropriate amount of water. For the ointment and the preparation method, theraw materials are scientifically and reasonably mixed, complement each other, and are effectively used for treating chronic bronchitis, the curative effects are good, the medication is safe, the efficacies are sufficiently proved through clinical test, and the effects in preventing phlegm from forming and stopping coughing are obvious.