Compared with Nd:YAG, the traditional high power solid state laser gain medium, Yb:YAG has less quantum defect, no excited state absorption, and longer fluorescence lifetime, which makes it suitable for Q-switched laser. In addition, concentration quenching is absent in Yb:YAG, higher concentration of active ion makes the thickness of gain medium thinner. For ring cavities, the necessity of symmetrical beam path is important, a thinner Yb:YAG crystal can reduce the shift of optical beam path and avoids cavity unstability. Thus, Yb:YAG is suitable for the two-mirror ring cavity. In this study, a compact and efficient Yb:YAG ring laser with 50.3% slope efficiency was demonstrated. And the Yb:YAG ring laser performances influenced by thermal effect was analyzed and compared to that of Nd:YAG ring laser. The polarization of ring lasers with different configurations were also discussed. In manufacturing process, the coating design on gain medium and laser mirrors were introduced. The advantages of passively Q-switched laser are efficient, compact, simple setup and no complicated driving circuits. They make passively Q-switched laser suitable for various applications, such as nonlinear optics, medical treatment, micromachining, material processing, and range finder. Due to spontaneous noise from the gain medium, conventional passively Q-switched laser has large timing jitter. This study is to build up a passively Q-switched Yb:YAG/Cr4+:YAG ring laser with lower timing jitter. At present, a Q-switched ring laser with a peak power of 208 W and a pulse width of 33 ns, was developed. Its slope efficiency is 18.1% with a timing jitter of 11.9%. To our knowledge, this is the first passively Q-switched Yb:YAG/Cr4+:YAG ring laser.