TKX-50 and HMX, as two highly promising energetic materials, are widely used in rocket propellants. TKX-50/HMX cocrystal can also improve the defects of TKX-50 and HMX and vastly expand their application scope. Their response mechanisms to the same thermal stimulation, including reactivity and decomposition and combustion behavior, are important in understanding their combustion characteristics and engine performance. This study systematically investigates the thermal response mechanisms of TKX-50 and HMX under the same thermal stimulations based on experimental measurements and theoretical analysis. Ignition delay times and burn times of TKX-50 and HMX with different particle sizes at various temperatures and pressures are measured in shock tube experiments. ReaxFF MD simulations are performed to analyze the thermal decomposition of TKX-50 and HMX in terms of potential energy evolution, intermediate and final products, and possible reaction pathways. Ab initio kinetics of hydrogen atom abstraction reactions of TKX-50 and HMX with three highly active species, Ḣ, ȮH, and NO2, are studied. The barrier heights, reaction enthalpies and rate coefficients for all reactions are further analyzed. The results show that: (1) the ignition delay time and burn time of TKX-50 (128, 138, and 55 µm) are measured to be 200–600 µs and 40–400 µs respectively, which are almost the same as those of HMX (6 and 0.8 µm) in the same temperature range; (2) the burn time of TKX-50 is less affected by pressure but more affected by particle size, whereas both pressure and particle size have a significant effect on the burn time of HMX; (3) TKX-50 is shown to be readily decomposed and less affected by temperature changes than HMX under the same conditions; (4) ȮH is generated more rapidly in the TKX-50 system, but more persistently in the HMX system; (5) H atom abstraction reactions from TKX-50 by all species are less endothermic but more exothermic than those from HMX.