A lubrication performance mathematical model considering the dynamic pressure effect and pressure loss is proposed for stepped hydrostatic thrust bearings. The influence mechanism of rotational speed and load on the static pressure, dynamic pressure, pressure loss, total pressure, and total temperature of the clearance oil film is systematically discussed through a combination of theory-simulation-experiment. The investigation found that the total temperature of the oil film decreases with increasing load, increases with increasing rotational speed. The pressure loss also becomes increasingly significant with higher rotational speeds. The dynamic pressure is not limited by the load, but increases with the increase of rotation speed. The oil film pressure loss is jointly borne by static pressure and dynamic pressure within the range of 0-160rpm, and mainly borne by static pressure within the range of 160-200rpm. Additionally, the trends of static pressure, dynamic pressure, total pressure and temperature in experiment are nearly consistent with those predicted by numerical simulations, thereby validating the effectiveness of the research methodology employed in this paper.