To accurately measure the thrust of satellite thrusters on the ground, a precise pendulum-based stand was developed. An easy-to-operate conversion scheme is proposed between large and small range configurations. Tests show that the configurations achieve resolutions of 20 nN and 5 μN respectively, with measurement ranges of 1800 μN and 450 mN. The measurement noise floor reaches 20 nN/Hz1/2@10 mHz-1 Hz and 2 μN/Hz1/2@10 mHz-10 Hz. Based on this stand, a study on the repeatability error and its causes was conducted, showing that the regular drift caused by the elastic pivot is the dominated error source, with the drift rate measured to be in the range of η’ ∼ (0.12–0.44)%. Within a measurement time of 1 min, the absolute measurement errors of typical thrusts for the two configurations are evaluated to be 400.00 ± 0.63 μN and 100.00 ± 0.19 mN respectively. This study is also of significant importance for understanding the behavior of other stands which are constructed with elastic components.