Hybrid materials play a crucial role in a spectrum of energy storage devices. Among them CoFe2O4–CNT–graphene hybrid stands out as versatile magnetic materials with wide-ranging applications spanning electronics, magnetism, and sensor industries. In this study, we synthesized CoFe2O4–CNT–graphene hybrid utilizing ultrasonication method. This fabrication method resulted in the formation of CoFe2O4 nanoparticles, along with bamboo-like carbon nanotubes (CNTs) and graphene nanosheets which collectively establish an open three-dimensional structure. Thorough analyses were conducted on the synthesized nano-composites employing various characterization techniques such as XRD, FT-IR, Raman and FESEM. Further characterization through XPS confirmed the formation of spinel ferrites, detecting the presence of carbon sp2, C1s, carboxylates (O-C-OH), and sp3 carbon, indicating the presence of carbon‑carbon (CC) bonds and confirms the energy levels of Co2p1/2 and Co2p3/2 indicating the effective incorporation of CFO onto the CNT/graphene surface. Analysis of dielectric parameters revealed promising characteristics for high-frequency devices, attributed to low dielectric loss, high quality factor, short relaxation time, and diverse responses exhibited by these materials. The M–H loops of the composite samples displayed ferromagnetic hysteresis behavior due to the presence of ferrite in the matrices. The coercivity value shows a slight improvement in the hybrid samples, while saturation magnetization values decrease, indicating a 1:1 weight ratio of ferrite particles to the host matrix with the incorporation of nonmagnetic CNTs and graphene, and the Hc value increases with the addition of these carbon-based materials due to increased surface anisotropy energy. Upon evaluation of dielectric and magnetic properties the hybrid materials demonstrated an enhanced dielectric and magnetic properties which render these materials suitable for utilization across a spectrum of energy storage devices.