Heat stabilizers are crucial additives for enhancing the thermal stability of polyvinyl chloride (PVC) during processing. Among the various heat stabilizers available, organic tin compounds have shown remarkable effectiveness. In this study, we investigated the use of dimethyltin dineodecanoate (DMTDN), dibutyltin dineodecanoate (DBTDN), and dioctyltin dineodecanoate (DOTDN) as heat stabilizers for PVC. These compounds were combined with calcium stearate (CaSt2) and zinc stearate (ZnSt2) to improve the thermal stability of PVC materials. The results demonstrated that the thermal stabilization effects of the three tin neodecanoates, when used as standalone heat stabilizers, followed the order: DOTDN > DBTDN > DMTDN. Notably, the thermal stability and lubricity of the three-component heat stabilizer (MTN5-C4Z1, BTN5-C4Z1, and OTN5-C4Z1, respectively), which consisted of the three types of tin neodecanoate, CaSt2, and ZnSt2 in a ratio of 5:4:1, outperformed the use of tin neodecanoate alone. This study offered potential formulations to reduce the application cost of tin neodecanoate as a PVC heat stabilizer.