Although extensive experimental and numerical studies have been conducted on the axial performance of steel tube and sandwiched concrete jacketed CFST columns, contableurations with outer square tubes and inner circular CFST components are rarely found. This paper investigates the axial performance of square steel tube and sandwiched concrete jacketed circular CFST columns, examining the effects of outer steel ratio and sandwiched concrete strength on failure patterns, relative load-strain curves, and load-bearing capacity. The analysis of ultimate compressive capacity confirmed the effective confinement provided by the outer square steel tube. Based on the experimental results, a finite element model was established to further study the working mechanism of retrofitted columns. The load on components, distribution of longitudinal stress and transverse constraint stress on concrete revealed that the inner concrete experiences dual confinement effects from both inner and outer steel tubes, with the constraint of the outer square steel tube becoming significant only during the load dropping phase. Furthermore, a simple equation was proposed for predicting the axial compressive load-bearing capacity of retrofitted columns using superposition methods and design codes. Comparison results demonstrated good agreement between experimental and calculated values.