Heterogeneous ribbed and non-ribbed carbon nanotube (CNT)-PDMS thin-film systems manufactured by large-scale rolling exhibit large-strain and high strain-rate characteristics with favorable surface behaviors, such as superhydrophobicity and drag reduction. However, it is not well understood how the multi-phase microstructure and material properties of non-ribbed thin-films are related to the surface material behavior and fracture. Hence, the objective of this investigation is to characterize the large-strain mechanical behavior and the microstructure of various CNT-PDMS compositions to understand how the CNT loading, agglomeration, distribution, and orientation affect the mechanical behavior and fracture of CNT-PDMS unribbed systems. Non-ribbed thin tensile testing specimens were fabricated for neat PDMS and CNT-PDMS with different weight CNT distributions to understand non-ribbed behavior. The ultimate strain, strength, and global stress–strain behavior were obtained by uniaxial mechanical testing. Scanning electron microscopy (SEM) of the fracture surface was also obtained for each sample to analyze the microstructure and relate the damage mode to the different weight distributions. Based on these experimental measurements and observations, large-strain, hyperelastic and hyper-viscoelastic material models were used to characterize the material behavior. The hyper-viscoelastic material model was shown to provide the most accurate material description of the thin-film behavior of the viscoelastic PDMS with the high-strength CNTs.