Carbon/carbon (C/C) composites suffer from limited ablation resistance due to oxidation and sublimation under extreme aerodynamic heating. While enhancing thermal conductivity can actively dissipate heat and reduce ablation rates, this often degrades thermomechanical properties. To resolve this trade-off, we propose a fiber lamination hybridization strategy that combines high thermal-conductivity mesophase pitch-based carbon fibers and high load-bearing polyacrylonitrile-based carbon fibers (CFPAN). This approach tailors interlaminar thermal stress, promoting both interlaminar microcrack deflection and stress-induced graphitization degree in the matrix. Consequently, the hybrid composites exhibit simultaneously improved flexural strength (slightly higher than CFPAN-reinforced laminated C/C composites) and in-plane thermal conductivity (up to 430 W m-1 K-1). The synergistic effects significantly enhance ablation resistance by not only reducing ablation-induced heat accumulation via active heat dissipation but also resistance to mechanical exfoliation. These advances enable the hybrid C/C composites to achieve superior comprehensive performance in complex aerodynamic environments. (c) 2026 Published by Elsevier Ltd on behalf of The editorial office of Journal of Materials Science & Technology.