The main advantage of wavelet transform relative to its Fourier analysis counterpart is its suitability to deal with transient signals. Furthermore, wavelet packet transform has very good frequency analytic ability with the result that it is developing in very fast speed and widespread researched and used in industry and academia. We study the characteristics of fiber optic sensors by applying wavelet transform. Hence, in this paper, the traditional Fourier analysis is taken as a basis, and the wavelet packet analysis is taken as a comparison. The major objects include: (1) calibration of hydrophones; (2) vibration measurement. In calibration of hydrophones, the experimental results show a 2.72 dB re V/£gPa inaccuracies and a 5.3 dB re V/£gPa standard deviation by Fourier analysis, but 0.5 dB inaccuracies and 1.6 dB re V/£gPa standard deviation by wavelet packet analysis. It shows that the wavelet packet analysis has better analytic ability than that of traditional Fourier analysis. In vibration measurement, we utilize FBG interferometers to measure stable vibration. The experimental results denote that wavelet packet analysis has excellent frequency analytic ability as Fourier analysis. Besides, in obtaining transient characteristic signals induced by falling stones, the results appear that wavelet packet analysis has better resolution and identification capability relative to Fourier analysis.