The invention belongs to the technical field of refractory materials, and provides a silicon carbide refractory material and a preparation method thereof. The silicon carbide refractory material comprises, by weight, 25-40 parts of silicon carbide powder, 4-8 parts of silica fume , 1-5 parts of aluminum powder, 5-13 parts of titanium dioxide, 5-10 parts of zirconium oxide, 0.5-3 parts of polyhedral oligomeric silsesquioxane, 0.5-2 parts of molybdenum carbide, 0.5-2 parts of silicon boride, 0.5-1.5 parts of erbium acetate, 0.5-1.5 parts of ytterbium oxide, 1-3 parts of diamond and 3-5 parts ofbinding agent. The preparation method comprises the following steps: mixing the silicon carbide powder, the silica fume, the aluminum powder, the titanium dioxide and the zirconium oxide, grinding themixture to obtain first mixed powder, reacting the erbium acetate, the ytterbium oxide and the diamond to obtain second mixed powder, mixing the first mixed powder with the second mixed powder, mixing the obtained mixture with other components in the formula, and firing the obtained mixture to obtain the silicon carbide refractory material. By means of the technical scheme, the problems that in the prior art, a refractory material is poor in oxidation resistance and not high in strength are solved.