A video compression method and a video compressor are provided to solve problems of huge resource consumption and high costs caused by performing both H.264 compression and HEVC compression. The method specifically includes: reading video signal data by using a sliding window to generate bitstream data, where bitstream data generated by reading the video signal data according to a first format is first bitstream data, and bitstream data generated by reading the video signal data according to a second format is second bitstream data; and coding the bitstream data to generate a bitstream, where a bitstream generated by coding the first bitstream data is a first bitstream, and a bitstream generated by coding the second bitstream data is a second bitstream, where the second format is a format preset according to the first format. The present invention is applied to video signal compression.