AbstractPoly(ε‐caprolactone‐co‐ε‐caprolactam) was synthesized through ring‐opening copolymerization of ε‐caprolactone (CLO) and ε‐caprolactam catalyzed by ethylmagnesium bromide (EtMgBr) or sodium ε‐caprolactam. Varied ester contents were achieved from 0 to 100 mol%. EtMgBr enabled the copolymerization with high yield of over 95%. Thermal properties vary with different ester contents. With increasing CLO content, the onset decomposition temperature (273.36 to 240.97 °C) and glass transition temperature (52.1 to −56.3 °C) gradually decreased. The results of melting behavior of resultant poly(ester amide)s through differential scanning calorimetry and theoretical calculation indicated a eutectic temperature of 46.6 °C. The mechanical properties of obtained copolymers were systematically investigated. The enhancement of CLO incorporation led to a decrease in tensile strength (70.99 to 9.88 MPa) and Young's modulus (690.03 to 19.18 MPa). Copolymer with CLO incorporation of 70 mol% exhibited a eutectic temperature of 46.6 °C, and enabled a high elongation at break (658%) and enhanced impact strength (138.5 kJ m−2). © 2023 Society of Chemical Industry.