The paper presents the results of measurements and calculations of the SEPIC converter characteristics, taking into account thermal phenomena in semiconductor devices and passive elements. Compact electrothermal models of the MOSFET transistor, diode, capacitor, and inductor are proposed. Parasitic phenomena are also included in these models. The form of the developed models and the method of determining the values of their parameters are presented. The correctness of the formulated models was verified experimentally. Calculations and measurements of the characteristics of SEPIC converters containing inductors with ferromagnetic cores made of different materials were carried out. The obtained results of the investigations are discussed, and the range of applicability of the formulated models is described. It was shown that, at the considered operating conditions at an ambient temperature equal to 22 °C, the temperature of capacitors can exceed 40 °C, whereas the temperatures of inductors can even reach 50 °C.