Honeycomb-like CO₃O₄ nanosheets with high specific surface area were successfully synthesized on porous nickel foam by the facile hydrothermal method followed by an annealing treatment (300 °C), which were used as high-performance supercapacitor electrodes. The effects of mole ratio of hexamethylenetetramine (HMT) and Co(NO₃)₂ (1:1, 2:1, 3:1, 4:1, 5:1 and 6:1）as the reactants on morphological evolution and electrochemical performance of the electrodes were investigated in detail. X-ray diffractometry, transmission electron microscopy, X-ray photoelectron spectroscopy and scanning electron microscopy were applied to characterize the structure and morphology of the products. The electrochemical performance was measured by cyclic voltammetry (CV) and galvanostatic charge/discharge. The results indicated that phase constituents were almost unaffected with the change in mole ratio of HMT and Co(NO₃)₂. However, the significant morphological evolution of Co₃O₄ was observed with increasing the mole ratio, which was described as followed: the nanosheets accompanied with a large number of spherical nanoparticles→the formation of some strip-like particles due to the agglomeration of spherical nanoparticles→the formation of new nanosheets resulting from the growth of strip-like particles→the formation of coarse flower-like particles owing to the connection among the nanosheets→the nanosheets gradually covered with flower-like particles. Accompanied with the change, the specific surface area was increased firstly, and then decreased. A maximum was obtained in the HMT and Co(NO₃)₂ mole ratio of 4:1, which was further validated by CV and galvanostatic charge/discharge tests. The specific capacitance value was 743.00 F·g^-1 at 1 A·g^-1 in the galvanostatic charge/discharge test, which was apparently higher than those in the other mole ratios (139.11 F·g^-1 in 1:1, 280.46 F·g^-1 in 2:1, 503.29 F·g^-1 in 3:1, 463.75 F·g^-1 in 5:1 and 363.74 F·g^-1 in 6:1). The change was also observed in the CV test with a scanning rate of 5 mV·s^-1 (121.32 F·g^-1 in 1:1, 217.33 F·g^-1 in 2:1, 559.86 F·g^-1 in 3:1, 693.56 F·g^-1 in 4:1, 423.35 F·g^-1 in 5:1 and 321.64 F·g^-1 in 6:1). Co₃O₄ synthesized in the mole ratio of 4:1 also demonstrated an excellent cyclic performance, in which about 97% of the initial specific capacitance was remained at 1 A·g^-1 for 500 cycles in the galvanostatic charge/discharge test. This excellent electrochemical performance was ascribed to high specific surface area of Co₃O₄ nanosheets that provide enough channels and space for ions transportion.