To investigate the thermal stability of ceramic-matrix composites, three kinds of C/C-ZrC-SiC composites with different Zr/Si molar ratios were synthesized by reactive melt infiltration. Employing region labeling method, the high-temperature thermal stability of the composites was systematically studied by changing the temperature and holding time of thermal treatment. Results show that the mass loss rate of low Si composites has a growth trend with increasing temperature, and a crystal transformation from β-SiC to α-SiC occurs in the composites. In the calibrated area, SiC phase experiences Ostwald ripening and volume change with location migration, while ZrC phase experiences a re-sintering process with diffusion. Moreover, it is found that increasing temperature has a more obvious effect on the thermal stability than extending holding time, which is mainly attributed to the faster diffusion rate of atoms.