Graphene foam prepared by the chemical vapor deposition method is a promising thermal interfacial material. However, the thermal properties of graphene foam highly depend on the experimental fabrication conditions during the chemical vapor deposition process. Aiming to reveal how to prepare the appropriate graphene foam for the various thermal management scenarios, the influence of experimental conditions on thermal properties of graphene foam was investigated. Furthermore, the contribution of thermal conductivity and thermal radiation to the effective thermal coefficient of graphene foam was carried out for comparison. The research results showed that the porosity and the cross-section shape of the struts of the growth template were two critical factors affecting the thermal transport of graphene foam, especially with the increase of temperature. In addition, the deposition time of graphene determined the wall thickness and affected the thermal conductivity directly. The thermal radiation contributed more than thermal conductivity when the temperature climbed continuously. Comparatively, the effective thermal coefficient of graphene foam composite with high porosity and circular-shape struts was much superior to that of others at high temperature. The research findings provide important guidance for graphene foam fabrication and its applications in the field of thermal management.