An experimental and computational study of the formation of pure iron nanoparticles, carbon nanoparticles (soot), and binary carbon-coated iron nanoparticles during the pyrolysis of iron pentacarbonyl-argon, ethylene-argon, and iron pentacarbonyl-ethylene-argon mixtures, respectively, behind reflected shock waves is carried out. The shape and size distribution of these nanoparticles are examined on a Zeiss Ultra plus ultrahigh-resolution field-emission scanning electron microscope. The binary iron-carbon particles were also investigated by high-resolution transmission electron microscopy and high-angle annular dark-field imaging (HAADF STEM) on a FEI Osiris transmission electron microscope equipped with a Bruker SuperX detector. Detailed kinetic simulations of the formation of these three types of particles are performed, which predict the concentration, average size, and size distribution of particles.