Sm 0.5 Sr 0.5 Co 1−x Fe x O 3 (0≤x≤0.5, SSCF) with perovskite-type structure has been successfully prepared by conventional solid-state reaction as a microwave and infrared multi-functional material. The effects of Fe incorporation on the structure, electrical conductivity, infrared emissivity and microwave-absorbing properties were investigated in detail. XRD results have shown that the perovskite structure of SSCF has an orthorhombic symmetry for 0≤x≤0.4 and a cubic symmetry for 0.5, respectively. The incorporation of Fe in SSCF could contribute to the decrease of electrical conductivity, while the infrared emissivities are increased. Moreover, microwave-absorbing properties in the frequency range of 2–18GHz at room temperature are sensitive to Fe content. The complex permittivity, complex permeability and electromagnetic loss tangent have suddenly a step change at a certain frequency and the step-change frequency position moves slightly to lower frequencies with Fe increased. The optimal reflection loss calculated from the measured permittivity and permeability is 29.33dB at 7.97GHz with a thickness of 2.0mm.