To reveal the expansion phenomenon and reaction characteristics of an aluminum particle filled polytetrafluoroethylene (PTFE/Al) reactive jet during the forming process, and to control the penetration and explosion coupling damage ability of the reactive jet, the temperature and density distribution of the reactive jet were investigated by combining numerical simulation and experimental study. Based on the platform of AUTODYN-3D code, the Smoothed Particle Hydrodynamics (SPH) algorithm was used to study the evolution behaviors and distribution regularity of the morphology, density, temperature, and velocity field during the formation process of the reactive composite jet. The reaction characteristic in the forming process was revealed by combining the distribution of the high-temperature zone in numerical simulation and the Differential Scanning Calorimeter/Thermo-Gravimetry (DSC/TG) experiment results. The results show that the distribution of the high-temperature zone of the reactive composite jet is mainly concentrated in the jet tip and the axial direction, and the reactive composite jet tip reacts first. Combining the density distribution in the numerical simulation and the pulsed X-ray experimental results, the forming behavior of the reactive composite jet was analyzed. The results show that the reactive composite jet has an obvious expansion effect, accompanied by a significant decrease in the overall density.