A ring cam for a fluid-working machine is formed from a plurality of segments. The segments comprise a leading cooperating formation which has a piston facing surface which forms part of the working surface, at a trailing end, and which is recessed from the working surface at a leading end, and a trailing cooperating formation which has a piston facing surface which forms part of the working surface at a leading end, and which is recessed from the working surface at a trailing end. The segments having piston facing surfaces which are in compressive stress such as to partially or fully compensate for tensile stress arising from the action of rollers in use. The segments form a wavelike cam surface and attachment means are provided, through the working surface, on whichever of the leading or trailing surfaces thereof is subject to lowest forces from pistons in use.