The invention discloses an energy-saving composite boiler water conditioner for a drum boiler, and a preparation method thereof. The energy-saving composite boiler water conditioner comprises, by mass, 3-20% of organic polyamine, 2-20% of polycarboxylate, 0-10% of organic phosphate, 3-10% of a chelating agent, 2-15% of a corrosion inhibitor, 1-5% of an alkalizing agent, 0.1-2% of an emulsifying agent, 0.1-1% of a defoaming agent, and the balance of deionized water. The method comprises the following steps: adding a certain amount of deionized water into a reactor with a stirring device, heating the deionized water, adding the polycarboxylate and the organic phosphate into a reaction kettle when the water temperature reaches 40 DEG C, adding the chelating agent and the corrosion inhibitor 20 min later, performing continuous stirring for 10-15 min, heating the obtained mixture to 60-70 DEG C, adding the emulsifier and the organic polyamine, adding the alkalizing agent, performing stirring for 10-15 min, finally adding the defoaming agent, performing stirring for 30-40 min, and standing the obtained mixture for 3 h. The energy-saving composite boiler water conditioner can form a continuous hydrophobic protective film on the surface of metal to prevent the metal from being corroded, can be complexed with Ca<2+>, Mg<2+>, iron ions, copper ions and silicon ions to destroy or preventthe formation of crystal sprouts and promote crystal lattice distortion.