The morphological, electrical, and thermal properties of polyurethane foam (PUF)/single conductive filler composites and PUF/hybrid conductive filler composites were investigated. For the PUF/single conductive filler composites, the PUF/nickel‐coated carbon fiber (NCCF) composite showed higher electrical conductivity and electromagnetic interference shielding effectiveness (EMI SE) than did the PUF/multiwall carbon nanotube (MWCNT) and PUF/graphite composites; therefore, NCCF is the most effective filler among those tested in this study. For the PUF/hybrid conductive fillers PUF/NCCF (3.0 php)/MWCNT (3.0 php) composites, the values of electrical conductivity and EMI SE were determined to be 0.171 S/cm and 24.7 dB (decibel), respectively, which were the highest among the fillers investigated in this study. NCCF and MWCNT were the most effective primary and secondary fillers, and they had a synergistic effect on the electrical conductivity and EMI SE of the PUF/NCCF/MWCNT composites. From the results of thermal conductivity and cell size of the PUF/conductive filler composites, it is suggested that a reduction in cell size lowers the thermal conductivity of the PUF/conductive filler composites. © 2016 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2017, 134, 44373.