Fe16Al2Cr porous material was prepared by compression molding, vacuum sintering using Fe16Al2Cr pre-alloy powder as raw material. The relationship between powder pressing pressure and Fe16Al2Cr porous material performance was researched. The results show that Fe16Al2Cr powder less than 31 μm of particles size is poor compaction performance and green body strength. In process of the power sintering, the axial contraction is bigger than radial contraction, and decreased with the pressing pressure increased. Pressing pressure and sintering time is almost no effects the radial shrinkage at higher sintering temperature. The porosity, pore size and permeability of Fe16Al2Cr porous material decrease with pressing pressure increases, and increases with the sintering time prolongation. Increasing pressing pressure and sintering time help to improve the shear strength of Fe16Al2Cr porous materials.