To reveal the dynamic load distribution characteristics of planetary roller screw mechanism under the high-speed operating conditions, based on the spiral surface equation and deformation coordination relationship, a static contact force calculation method of the roller-screw and roller-nut thread at the contact point is proposed, and a formula for calculating the contact angle after bearing is derived. On this basis, further considering the inertial force generated by using high-speed operation, a dynamic load distribution model for planetary roller screw mechanism thread was established. By comparing with the finite element contact model of planetary roller screw mechansim, the error is below 5%, which verifies the correctness of the model established. Finally, the influence of the parameters such as screw speed, axial load, pitch, and tooth flank angle on the distribution of dynamic load was analyzed. The results show that the inertia force causes the roller to have a tendency to move closer to the nut and away from the screw resulting in a decrease in dynamic contact force on the roller screw side and an increase in dynamic contact force on the roller nut side. The degree of uneven distribution of dynamic load is positively correlated with the screw speed and pitch, and negatively correlated with the tooth side angle. The size of axial load has a significant impact on the distribution of dynamic load.