The invention discloses a phillipsite-containing heat preservation brick and a preparation method thereof and belongs to the field of heat preservation bricks. The heat reserving brick is prepared from 60-80 parts by weight of iron ore tailings, 30-50 parts by weight of phillipsite, 25-35 parts by weight of phosphogypsum, 20-30 parts by weight of glass fibers, 15-25 parts by weight of modified diatomite, 10-20 parts by weight of aerated aluminum powder, 5-15 parts by weight of calcium carbonate-magnesium carbonate powder, 10-20 parts by weight of white latex, 8-12 parts by weight of silicon-calcium slag, 1-5 parts by weight of a water reducing agent, 1-5 parts by weight of a hydrophobic agent, 1-3 parts by weight of a foaming agent and 1-3 parts by weight of a foam stabilizer. The preparation method comprises carrying out ball milling on iron ore tailings to obtain powder, mixing all the raw materials, adding water into the mixture, carrying out uniform stirring to obtain slurry, press-molding the slurry, carrying out natural curing, carrying out drying and carrying out high temperature calcination. The preparation method realizes a low heat preservation production cost. The heat preservation brick has good compressive strength, frost resistance, weather resistance, small dry density, strong practical durability, environmental friendliness and broad market prospect.