SAR images with two polarizations show strong potential for mapping forest stock volume (FSV) combined with limited samples. However, accurately mapping FSV still presents challenges in selecting the optimal acquisition date to obtain the SAR images during specific phenological stages within the annual forest cycle (growth and dormant stages). To clarify the impacts of phenological stages within the annual cycle on FSV mapping, SAR images with various polarization models and bands (Sentinel-1(S), GaoFen-3(GF-3 (G)) and ALOS-2(A)) were acquired within the growth and dormant stages of an annual cycle in a boreal evergreen coniferous forest (Chinese pine) and a deciduous coniferous forest (Larch). Subsequently, single-band (G, S, and A) and multi-band combined alternative variable sets (A + G, A + S, S + G, and A + S + G) were extracted within the same stage, respectively. Finally, the forward selection approach was utilized in conjunction with four different models (MLR, KNN, RF, and SVR) to obtain the most suitable variable sets and generate FSV mapping. The results demonstrated a strong correlation between the intensity of backscattering coefficients and the phenological stages of the forest. Within the dormant stage, there was a significant decrease in the gaps of backscattering coefficients obtained from the same polarization compared to those within the growth stage. Furthermore, the results also revealed that more signals from inside the canopy could be detected during the dormant stage in both evergreen coniferous forests and deciduous coniferous forests. Subsequently, the accuracy in mapping FSV obtained from single-band SAR images within the dormant stage are slightly higher than that within the growth stage, and the accuracy was still significantly affected by both overestimation and underestimation. Moreover, the combined effects of different bands significantly improve the reliability of mapped FSV. The rRMSE values in four multi-band combinations ranged from 22.37% to 29.40% for Chinese pine forests and from 21.27% to 34.38% for Larch forests, and the optimal result was observed from combinations of A + S + G acquired within the dormant stage. It is confirmed that SAR signal and their sensitivity to FSV depends on the stages of forest annual growth cycle. In comparison to the growth period, dual-polarization SAR data acquired during the dormant stage is more suitable for estimating FSV in boreal forests.