Short take-off/vertical landing (STOVL) engine is an emerging power source for fighter planes that can perform takeoff and landing operations in tight quarters. As the aforementioned function requires specific component design and matching, it is vitally necessary to study the impacts of various component states on engine performance and stability. This paper develops a performance model for STOVL engines based on nonlinear component models and validates the modelʼs correctness. Variable component working conditions and settings are altered, engine performance is forecasted and observed, and the mechanism underlying this trend is investigated. The results indicate that the performance of the STOVL engine is greatly influenced by the design parameters of the gas path, such as the bypass ratio and the injection volume of the roll nozzle, and is highly dependent on the correct adjustment of the rear bypass injector and the throat area of the nozzle.