The electromagnetic interference (EMI) shielding of well dispersed single-walled carbon nanotube (SWCNT)/polyurethane composites was studied and the results show that they can be used as effective and lightweight shielding materials. The EMI shielding of the composite shows a reflection-dominant mechanism, while a shift from reflection to absorption was observed with increased SWCNT loading and frequency. This is explained using EMI shielding theory and the intrinsic properties of the components.