The spherical torus (ST) and compact torus (CT) are two kinds of alternative magnetic confinement fusion concepts with compact geometry. The ST is actually a sub-category of tokamak with a low aspect ratio; while the CT is a toroidal magnetic configuration with a simply-connected geometry including spheromak and field reversed pinch. The ST and CT have potential advantages for ultimate fusion reactor; while at present they can also provide unique fusion science and technology contributions for mainstream fusion research. However, some critical scientific and technology issues should be extensively investigated.