Compression ratio is the relationship between the cylinder at zero compression (BDC) and volume of the cylinder at maximum compression (TDC)
So in simple terms, if the cylinder capacity is 100cc in total, and 10cc when compressed, thats a compression ratio of 10:1 - The fact the two terms of are often used to mean the same thing, whilst technically wrong, is just an idiosyncrosy of tech talk about cars, which is often overlooked.
Compression is the process of the cylinder moving up the bore from BDC, "squashing" the air and fuel into a volume x times smaller (x = the comp ratio ) than the cylinder size.
I hope ive explained this clearly enough - trying to relate the two terms in their correct contexts.
Paul