Toroidal propellers hold significant potential as underwater propulsion systems compared to traditional propellers, primarily due to their unique shape, which effectively reduces and minimizes hydrodynamic noise and enhances structural stability and overall strength. To investigate hydrodynamic loads, flow fields, and vortex characteristics of toroidal propellers, numerical simulations were conducted on both toroidal and conventional propellers using the detached eddy simulation (DES) method in Star CCM+ computational fluid dynamics software. Results show that at low advance coefficients, the primary thrust generated by toroidal blades comes from pressure difference in the front section, whereas at high advance coefficients, it originates in the back section. A high-velocity region exists between the front and back sections of the toroidal propeller, with the range and intensity of this region gradually increasing from front to back. The wake vortex of the toroidal propeller comprises two parts: the tip vortex, where the front section tip vortex, back section tip vortex, and transition section leakage vortex merge, and the trailing edge vortex, which forms from the fusion of the front and back section leakage vortices. The fusion of these vortices is influenced by the advance coefficient. Compared to conventional propellers, the toroidal propellers exhibit a more extensive and intense trailing edge vortex in the wake flow field. These findings provide guidance for the optimization design research of toroidal propellers.