ZrB2–20vol.% nanoSiC–20vol.% graphite (ZSnpG) ceramics that contained graphite flakes with different diameters were investigated to determine the effects of graphite flake diameter on the microstructure and mechanical properties, as well as thermal shock resistance. The results showed that the flexural strength and relative density of ZSnpG ceramics firstly increased and then decreased with increasing the diameter of graphite, whereas the fracture toughness did not change significantly. The improvement in the flexural strength of ZSnpG ceramics was strongly dependent on the controlling of graphite distribution, the reduction of the length of the microcrack that resulted from thermal residual stress and the presence of intragranular nano-sized SiC particles. The calculated thermal shock parameters revealed that the graphite with finer starting diameter had a beneficial effect on the blocking of the crack initiation and the graphite with larger diameter restrained the crack propagation of ZSnpG ceramics.