The step-type energy dissipator is widely used to construct small- and medium-sized reservoirs with its high energy dissipation rate. In order to further improve its air entrainment characteristics and energy dissipation, and reduce the influence of cavitation, in this paper, we added a trapezoidal energy dissipation baffle block at the convex corner of the traditional step to form a trapezoidal energy dissipation baffle block-step combination energy dissipator. We used a combination of hydraulic model experiments and numerical simulation to study the hydraulic characteristics. The results showed that the trapezoidal energy dissipation baffle block-step combination energy dissipator initial entrainment point, with the increase in flow rate, gradually moved backward. A step horizontal surface pressure change in the cavity recirculation area showed a prominent “V” shape; in front of the trapezoidal energy dissipation baffle block, there was a rising trend, and in the energy dissipation baffle block gap, there was a declining trend. The step vertical surface pressure showed a decreasing trend, and negative pressure appeared near the convex angle. The cross-section velocity distribution presented a trend of being small at the bottom and large at the surface, with a large velocity gradient in the longitudinal section of the energy dissipation baffle block and a small velocity gradient in the longitudinal section of the nonenergy dissipation baffle block. The energy dissipation rate reached more than 70% within the test range, and the energy dissipation rate gradually decreased with the increase in the flow rate. The combined energy dissipator is conducive to reducing the cavitation hazard and improving the energy dissipation effect, providing a reference for engineering design and existing step energy dissipators to remove risks and reinforcement.