The wave parameter is an important environmental input condition. Traditional contact wave measurement methods are unable to meet the requirements of high precision, non-contact, and ship wave field assessment. Alternatively, stereo vision technology can realize a non-contact and mobile form of measurement. However, this technology suffers from poor timeliness and adaptability. This paper proposes a comprehensive wave measurement method that is based on stereo vision, wherein the gridding of siftGPU is used to achieve the fast matching of large images. The whole algorithm can be run within 6 s and it guarantees more than 20,000 feature-matching logarithms. Furthermore, by utilizing the least squares method and sea surface wave surface theory, the sea surface base level can be calculated without control points, along with the inversion of the sea wave parameters (wave height, period, and wave direction) and error point fitting. The rationality and superiority of the algorithm were verified through multiple comparison experiments. Compared with the Richard Brancker Research (RBR) wave height meter, the measurement error of the wave height is less than 10%, the period error is less than 0.5 s, and the wave direction error is less than 10° with the proposed method.