The invention discloses a multi-process compounding machine and compounding method. The multi-process compounding machine comprises an unwinding and coating unit, a machine top, a winding unit, a kiss coating unit, a first film lining unit and a second film lining unit, wherein the kiss coating unit comprises a connecting bracket, a kiss coating roll and a kiss coating drive mechanism; the first film lining unit comprises a first lining film unwinding roll, a first lining film winding roll and a first lining film guide roll set; and the second film lining unit comprises a second lining film unwinding roll and a second lining film guide roll set. Besides, the multi-process compounding machine also can comprise one or two of the kiss coating unit, the first film lining unit and the second film lining unit. The compounding method is characterized in that a substrate needing no adhesive coating is not coated with an adhesive through kiss coating or film lining, thus improving the compounding quality.