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Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries vs Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag

Buy the 2992-22 if you need a hammer drill and a circular saw for framing, decking or concrete anchors. Buy the compact drill/impact kit if you mostly drive screws and drill holes in wood and metal. The 2992-22 is $479.01 at Walmart as of November 3, 2026; the compact kit was $179.00 at its lowest on November 2, 2026. That is roughly $300 apart, and the gap buys you a saw and hammer mode, not more drilling finesse.

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Milwaukee
Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries

Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries

$479.01at WalmartObserved at 8:35 AM
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Choose the 2992-22 combo if you want a hammer drill plus a 2-1/2 in. cut circular saw on one 18V battery platform, with two 4.0 Ah packs and a case.

Pros
  • Hammer mode plus a circular saw covers framing and masonry work in one kit.
  • Brushless motor and 725 in-lb of torque handle heavy drilling.
  • Two 4.0 Ah batteries give longer runtime than 2.0 Ah packs.
  • Includes side handle, belt clips, bit holders and a case.
Cons
  • Costs about $300 more than the compact kit.
  • 4.6 lb drill is heavier than a compact drill/driver.
  • No impact driver in the kit, so you give up fast screwdriving.
Milwaukee
Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag

Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag

Choose the compact drill/impact kit if you want a lighter two-tool set for fastening and drilling, and $179.00 for the kit fits your budget better than $479.01.

Pros
  • Lowest price seen was $179.00, well under half the 2992-22 price.
  • Impact driver delivers 1,400 in-lb for driving long screws.
  • Compact bodies fit tight spaces and overhead work.
  • LED lights and battery fuel gauge on both tools.
Cons
  • Brushed motor wears faster and is less efficient than brushless.
  • 2.0 Ah batteries run down sooner on heavy jobs.
  • No hammer mode and no saw, so no masonry or cutting.
  • Kit weight is listed at 13.46 lb.

What separates them

Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah BatteriesMilwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag
Tools includedHammer drill/driver and circular sawDrill/driver and 1/4 in. hex impact driver
MotorBrushlessBrushed, 4-pole frameless
BatteriesTwo 4.0 Ah lithium-ionTwo 2.0 Ah compact lithium-ion
Max torque725 in-lb on the drill400 in-lb drill, 1,400 in-lb impact driver
Speed range500 to 1,800 rpm, variableVariable speed, no rpm figure given
Cutting capacity2-1/2 in. depth of cut at 90 degreesNo saw in the kit
Weight4.6 lb assembled13.46 lb kit weight
Price$479.01 at Walmart as of November 3, 2026$179.00 low as of November 2, 2026

Price history

$479.01$179.00
Oct 30Nov 3
  • Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries: lowest $479.01 on Oct 30 at Walmart; $479.01 on Nov 3.
  • Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag: lowest $179.00 on Nov 2 at The Home Depot.

Prices at every store

Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries

  • WalmartNew

    In stock

    $479.01Observed at 8:35 AM
    Visit store

Also available at

  • WalmartCheck price at Walmart
Prices and history →

Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag

  • Celebration Hardware CompanyCheck price at Celebration Hardware Company
  • Fleet FarmCheck price at Fleet Farm
  • AmazonCheck price at Amazon
Prices and history →

Specs compared

SpecMilwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah BatteriesMilwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag
Battery TypeLithium-ionLithium-Ion
Case IncludedYesYes
Number Of Tools2 piece2
sizeMaximum Cut Depth @ 90 Deg. 2-1/2 in Product De…—
BrandMilwaukee—
Power typeBattery—
Chuck typeHex—
Chuck size1/2 in—
Is variable speedY—
Volts18 Volts—
Maximum speed1800 rpm—
Battery capacity4 Amp Hours—
Show all 39 specsShow fewer specs
SpecMilwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah BatteriesMilwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag
Charger includedY—
Torque725 in lb—
FeaturesLightweight—
Electric motor typeBrushless—
AccessoriesCarrying Case, Side Handle, Belt Clips, Bit Hol…—
Model2992-22—
Assembled product weight4.6 lb—
Minimum speed500 rpm—
Watts800 Watts

What reviewers say

Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries

Owners of the 2902-20 drill and M18 circular saw generally rate both tools highly for power and build quality, and combo buyers like getting two tools on one battery platform. The most common complaints are battery runtime on the saw and the kit shipping with only 4.0 Ah packs.

Pros
  • Drill has strong torque for its compact size
  • Saw cuts framing lumber cleanly and consistently
  • Batteries and charger work across the whole M18 line
  • Tools feel durable and well built
Cons
  • Saw drains 4.0 Ah batteries quickly under heavy cutting
  • Some wish the kit included a larger battery or a hard case
  • Soft bag offers less protection than a molded case

Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag

Owners of Milwaukee's M18 compact drill and impact combo generally rate it highly for power in a small body and for battery compatibility across the M18 line. The most common complaints are short runtime from the 2.0Ah packs and the plastic contractor bag.

Pros
  • Strong torque for the size, especially the impact driver
  • Compact bodies fit between studs and in cabinets
  • Shares batteries with other M18 tools
  • LEDs and fuel gauge are genuinely useful
Cons
  • 2.0Ah batteries drain quickly on big jobs
  • Bag offers little protection compared with a hard case
  • Chuck and trigger feel on the drill is not flagship-grade

Questions and answers

Which is better for building a deck?
The 2992-22. It gives you a circular saw with a 2-1/2 in. cut at 90 degrees and a hammer drill, and the 4.0 Ah batteries last longer under load. The compact kit has no saw.
Which is better for driving screws all day?
The compact kit. Its impact driver reaches 1,400 in-lb, far more than the 725 in-lb drill in the 2992-22, and it is lighter to hold. Add spare 2.0 Ah packs for long days.
Is the 2992-22 worth about $300 more?
Only if you need a saw and hammer drilling. At $479.01 versus $179.00, the extra money buys a second tool and bigger batteries, not better drilling alone.
Which lasts longer?
The 2992-22 has a brushless motor, which generally outlasts the brushed motor in the compact kit. Its 4.0 Ah batteries also take more charge cycles between replacements.
Do both use the same M18 batteries?
Yes. Both are 18V Milwaukee M18 tools, so batteries and chargers swap between them. The 4.0 Ah packs from the 2992-22 will run the compact drill and impact driver.
Which is better for concrete or brick?
The 2992-22, because it has a hammer drill mode. The compact kit's drill/driver is for wood and metal only.

More comparisons

  • Milwaukee M12 FUEL 3497-22 vs Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee M18 18-Volt Lithium-Ion Brushless Cordless Compact Drill/Impact Combo Kit (2-Tool) W/ (2) 2.0Ah Batteries, Charger & Bag
  • DeWalt DCKSS550D3P2 20V MAX Brushless 5-Tool Combo Kit with 5 Batteries, Charger and Rolling Storage Bag (11 Piece) vs Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries
  • Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries vs DeWalt 7-Tool Combo Kit
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries
  • Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries vs Milwaukee 3697-25 M18 FUEL 5-tool Kit
  • Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries vs Ryobi 18V ONE+ 8-Tool Combo Kit
  • Milwaukee M12 FUEL 3497-22 vs Milwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries

Buying guides that pick them

  • Best Milwaukee power tools
  • Best cordless power tool combo kits with drill/driver and circular saw
  • Best cordless power tool combo kits for home DIY
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Amps4 Amps—
Brushless MotorYes—
Soft CaseYes—
With Multiple BatteriesYes—
Power Source—Cordless
Tool Components—Impact Driver
Battery Voltage—18V
Number Of Batteries—2
Motor Type—Brushed, 4-pole frameless motor
Speed—Variable speed
Included Accessories—Charger
Case Type—Contractor Bag
Weight—13.46 lb
Material—All-metal (gear case and chuck)
Colors—Red
Intended Application—Drilling, Fastening
Skill Level—Serious DIY users, Professional
Typical Users—DIY enthusiast