The thermal residual stresses and the stress distributions of short fiber reinforced metal matrix composite under tensile and compressive loadings were studied using large strain axisymmetric elasto plastic finite element method. It is demonstrated that the thermal residual stresses can result in asymmetrical stress distributions and matrix plasticity. The thermal residual stresses decrease the stress transfer in tension and enhance the stress transfer in compression. The fiber volume fraction has more important effects on the thermal residual stresses and the stress distributions under tensile and compressive loadings than the fiber aspect ratio and the fiber end distance. [ The thermal residual stresses and the stress distributions of short fiber reinforced metal matrix composite under tensile and compressive loadings were studied using large strain axisymmetric elasto plastic finite element method. It is demonstrated that the thermal residual stresses can result in asymmetrical stress distributions and matrix plasticity. The thermal residual stresses decrease the stress transfer in tension and enhance the stress transfer in compression. The fiber volume fraction has more important effects on the thermal residual stresses and the stress distributions under tensile and compressive loadings than the fiber aspect ratio and the fiber end distance . [