Ferulic acid (FA) is a common dietary polyphenol which is widely found in plant tissues. It has various biological activities such as antioxidant, anti-inflammatory, antithrombotic, and hypoglycemic. Due to the biological activities of dietary polyphenols largely depend on their digestion and absorption in vivo, studies on the intestinal metabolites of dietary polyphenols have gradually attracted researchers’ interest in recent years. Ferulic acid cannot be absorbed in the stomach and small intestine, but it can be converted into a series of hydroxyphenylpropionic acid compounds under the action of colonic esterases. This study selected three main colonic metabolites of FA, namely, 3-(3,4-dihydroxyphenyl) propionic acid (3,4diOHPPA), 3-(3-hydroxyphenyl) propionic acid (3OHPPA) and 3-phenylpropionic acid (PPA), to evaluate their antioxidant and antitumor activities. The results show that the antioxidant activity of metabolite 3,4diOHPPA is superior to that of FA and metabolites 3OHPPA and 3PPA. FA and its three metabolites can significantly inhibit the proliferation of HepG2 with EC50 values of 1.82 mmol/L (FA), 0.74 mmol/L (3,4diOHPPA), 7.77 mmol/L (3PPA) and 4.52 mmol/L (3PPA), respectively. Cell-cycle experiments show that FA and its three metabolites can regulate HepG2 cell cycle progression in an orderly manner, blocking the cell cycle in G2 or S phase. FA and its three metabolites can also induce apoptosis of HepG2 in a dose-dependent manner. Among them, FA and 3,4diOHPPA can increase the total apoptosis rate of HepG2 cells to 15.47% and 71.84% (4.23% for the control). After a pretreatment for 24 h, FA exerts its antiproliferative effects by upregulating Bax, p53 genes and downregulating CDK-2, CDK-4 genes; 3,4diOHPPA inhibits the proliferation of HepG2 by upregulating Bax, caspase-3 genes and downregulating CDK-2, CDK-4 genes. All these findings show that the anti-oxidative and anti-HepG2 cell proliferation ability of the metabolite 3,4diOHPPA is superior to that of FA. This research provides theoretical support for the antitumor activity of FA and its colonic metabolites, revealing the health benefits of FA intestinal metabolites.