The equation of state (EOS) for detonation products can predict explosive performance with basic information about density, enthalpy of formation, and elemental composition. However, to achieve higher prediction accuracy, it is necessary to select an appropriate EOS for the specific detonation parameters being calculated. To study the applicability of different equations of states for explosive products, five EOSs, Becker–Kistiakowsky–Wilson, Kihara–Hikita–Tanaka, Virial-Wu (VLW), Lennard-Jones–Devonshire (LJD), and Jacobs–Cowperthwaite–Zwisler (JCZ), were used to calculate the Hugoniot curve of nitrogen and the detonation performance of typical explosives. The calculation results show that all five EOSs can provide reasonably accurate predictions of the Hugoniot curve of nitrogen on the relative volume-pressure plane. Moreover, the EOSs can accurately predict the detonation velocity and pressure of explosives within a wide range of initial densities. When it comes to temperature calculations, LJD and JCZ demonstrate higher prediction accuracy. Additionally, the results indicate that VLW may not be suitable for calculating the overdriven detonation of explosives, particularly at higher pressures.