The present paper is concerned at investigating the effect of hydrostatic initial stress, gravity and magnetic field in fiber-reinforced thermoelastic solid, with variable thermal conductivity. The formulation of the problem applied in the context of the three-phase-lag model, Green-Naghdi theory with energy dissipation, as well as coupled theory. The exact expressions of the considered variables by using state-space approaches are obtained. Comparisons are performed in the absence and presence of the magnetic field as well as gravity. Also, a comparison was made in the three theories in the absence and presence of variable thermal conductivity as well as hydrostatic initial stress. The study finds applications in composite engineering, geology, seismology, control system and acoustics, exploration of valuable materials beneath the earth’s surface