The invention discloses a compact ultra short pulse laser remote ranging system and a ranging method thereof. The system comprises a laser source, a first beam expanding module, a second beam expanding module, a beam splitter, a transmitting and receiving module, a reflector, a filter module, a focusing lens, and a photodetector, wherein the laser source is an ultra short pulse laser transmitting laser beams, and the width of the outputted laser pulse is picosecond to subpicosecond. The system whose transmitting light path and receiving light path are coaxial is adopted, one reflector is adopted to complete sampling of main wave pulse signals; through changing coating reflectivity of the reflector, the size of an incident main wave signal is adjusted, and over strong main wave pulse signals can be prevented from damaging the photodetector; and the laser ranging system is long in ranging, high in ranging precision, simple and compact in structure, and low in cost.