A compact power divider/combiner with flexible port spacing is disclosed. In an exemplary embodiment, an apparatus includes a three port circuit having first, second, and third ports, and a matching circuit configured to couple the second and third ports to ground. The matching circuit includes a first transmission line connected between a first port and a second port, a second transmission line connected between the first port and a third port, a first matching circuit connected between the second port and a first node, a second matching circuit connected between the first node and the third port, and a third matching circuit connected between the first node and a ground.