P-Spice was used to analyze the influence of stray parameters, including self-inductance of the pulse capacitor and the inter-turn capacitance and the impedance of the winding in magnetic switch, on output characteristics of the series magnetic pulse compressor. Results show that inter-turn capacitance and the impedance in unsaturated state of the winding make minor influence on the output waveform. However, the impedance in saturated state of the winding reduces the voltage efficiency of the system, conspicuously. Moreover, the self-inductance of the pulse capacitor not only reduces the voltage efficiency but also influences the rise-time of the output voltage waveform. Based on former results, the single stage magnetic pulse compressor system was optimized and a series magnetic pulse compressor, with peak voltage of 26kV, whose pulse rise-time is compressed from 4.1s to 1.2s and whose voltage efficiency is over 92.5% was developed. 