The gear honing process is a widely used process for gear finishing after heat-treated, and may be divided into the variants “internal-tooth honing” and “external-tooth honing”. External- tooth honing is seldom used in gear finishing due to lower overlapping ratio and relatively low precision. But its process cost is much lower than internal-tooth honing and gear grinding. The paper puts forward a new method to improve the precision of external-tooth honing, i.e. honing ring is profiled by diamond dressing gears, which have the profile of the workpiece to be machined. Meshing and Tooth contact analysis of honing ring profiling has been considered. Meshing equation of profiling process and equation of honing ring tooth flank after profiling are obtained. Experiment testified that it is an applied method and has many advantages.