A comparative study of Mo/B 4 C and Mo x C 1-x /B 4 C multilayers deposited by DC magnetron sputtering technology was presented in this paper. Using a homemade real-time stress measure instrument, the stress of two kinds of multilayers was investigated. Characterizations of the multilayers before and after annealing were performed by grazing incident and at-wavelength near-normal incident x-ray reflectivity. Experimental results show that after replacing Mo by Mo x C 1-x , Mo x C 1-x /B 4 C multilayers obtain relatively smaller compressive stress compared with Mo/B 4 C multilayers. The corresponding stress value changes from −0.99 GPa to −0.36 Gpa. Mo x C 1-x /B 4 C multilayers have also proven to have better thermal stability up to 600°C. After repeatedly annealing from 100°C to 600°C, Mo/B 4 C multilayers had a ∼2% decrease in near-normal incident reflectivity, while Mo x C 1-x /B 4 C multilayers had a smaller 1.4% loss of reflectivity and a higher stability temperature.