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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

Buy the 3697-22 kit if you want a drill and impact driver for fastening and driving. Buy the 2992-22 kit if you need to cut lumber as well as drill. As of November 3, 2026, the 3697-22 is $339.99 at Walmart and the 2992-22 is $479.01 at Walmart, so the 2992-22 costs about $139 more.

Today the Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver costs $139.02 less at its best price.

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Milwaukee
Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver

Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver

4.5· 248 ratings
$339.99at WalmartObserved at 1:27 PM
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Choose the 3697-22 if you mostly drill and drive screws and want the more powerful impact driver, bigger 5.0Ah batteries and a lower price.

Pros
  • Impact driver delivers 2,000 in-lb and up to 4,400 IPM
  • Two 5.0Ah batteries give longer runtime than 4.0Ah packs
  • Hard case protects the tools in a truck
  • Hammer drill is 6.9 in long with AutoStop control
  • Costs about $139 less than the 2992-22
Cons
  • No saw in the kit, so you still need a separate cutter
  • Drill torque is not published on the listing
  • Hammer drill is for masonry, not heavy demolition
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 if you cut lumber and sheet goods and want a circular saw in the same kit as a hammer drill.

Pros
  • Includes a circular saw with 2-1/2 in cut depth at 90 degrees
  • Hammer drill has a 1/2 in chuck and 725 in-lb of torque
  • One kit covers framing, drilling and crosscuts
  • Brushless motor and two batteries included
Cons
  • 4.0Ah batteries run down sooner than 5.0Ah packs
  • Soft case offers less protection than a hard case
  • Only one store lists it new, at $479.01
  • No impact driver, so driving screws is slower

What separates them

Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact DriverMilwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries
Second tool1/4 in hex impact driver, 2,000 in-lb, up to 4,400 IPM7-1/4 in circular saw, 2-1/2 in max cut depth at 90 degrees
BatteriesTwo 5.0Ah M18 REDLITHIUM XC packsTwo 4.0Ah packs
Hammer drill torqueNot listed for the drill; impact driver rated 2,000 in-lb725 in-lb
Hammer drill speedImpact driver up to 3,900 RPM500 to 1,800 RPM
CaseHard carrying caseSoft case
Price, November 3, 2026$339.99 at Walmart$479.01 at Walmart
Stores pricing it new4 stores1 store
Weight3.3 lb4.6 lb assembled

Price history

$479.01$149.99
Oct 30Nov 3
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver: lowest $149.99 on Nov 2; $339.99 on Nov 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.

Prices at every store

Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver

  • WalmartNew

    In stockSold by The TOOL GUY

    $339.99Observed at 1:27 PM
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  • Home DepotNew

    In stock

    $399.00Observed at 1:27 PM
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  • Lowe'sNew

    In stock

    $458.85Observed at 1:27 PM
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  • AmazonNew

    Availability unknown

    As an Amazon Associate, Deal.ai earns from qualifying purchases.

    $346.00Free shippingObserved at 8:57 AM
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Also available at

  • eBayCheck price at eBay
  • WalmartCheck price at Walmart
  • Burns Power ToolsCheck price at Burns Power Tools
All 4 stores and price history →

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 →

Specs compared

SpecMilwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact DriverMilwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries
sizeMMaximum Cut Depth @ 90 Deg. 2-1/2 in Product De…
Brushless MotorYesYes
Number Of Tools2 piece2 piece
Model3697-222992-22
Battery TypeLithium-Ion (Li-Ion)Lithium-ion
Case IncludedYesYes
With Multiple BatteriesYesYes
colorRed—
ConditionNew—
Power SourceBattery, Cordless—
Tool ComponentsImpact Driver, Drill/Driver—
Battery Voltage18V—
Show all 40 specsShow fewer specs
SpecMilwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact DriverMilwaukee 2992-22 M18 18-Volt Lithium-Ion Brushless Cordless Hammer Drill and Circular Saw Combo Kit (2-Tool) with Two 4.0 Ah Batteries
Number Of Batteries2—
Motor TypeBrushless—
SpeedUp to 3900 RPM (Impact Driver)—
Included AccessoriesCarrying Case, Charger, Side Handle—
Case TypeCarrying Case—
Weight3.3 lb—
MaterialMetal—
ColorsRed—
Intended ApplicationDrilling, Driving—

What reviewers say

Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver

Owners rate the kit 4.5 out of 5 across 248 ratings, and the tools themselves carry a 4.8/5 from over 3,200 reviews. Users consistently praise the power and the compact hammer drill, while complaints center on price and battery weight.

Pros
  • Strong torque in both tools
  • Compact hammer drill fits tight spaces
  • AutoStop prevents wrist-twisting bind-ups
  • Batteries hold charge through a full day
Cons
  • Kit costs more than rival two-tool sets
  • 5.0Ah packs feel heavy on the impact driver
  • Case is bulky for truck storage
  • No bits included at this price

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

Questions and answers

Which kit is better for building a deck?
The 2992-22, because the circular saw cuts boards and the hammer drill handles the drilling. The 3697-22 has no saw, so you would buy one separately.
Which has more driving power?
The 3697-22. Its impact driver is rated 2,000 in-lb, far above the 725 in-lb hammer drill in the 2992-22 kit.
Do the batteries last longer on the 3697-22?
Yes. It ships with two 5.0Ah packs versus two 4.0Ah packs, so about 25% more runtime per charge.
Is the 2992-22 worth the extra $139?
Only if you need the circular saw. If you drill and drive screws, the 3697-22 does that for less and with bigger batteries.
Can I use the batteries across both kits?
Yes. Both are M18 18V tools, so the batteries and charger work in either kit and in the wider M18 line.
Which is easier to carry around?
The 3697-22. It weighs 3.3 lb and comes in a hard case; the 2992-22 weighs 4.6 lb assembled and comes in a soft case.

More comparisons

  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee 3699-22 M18 FUEL 2-Tool Combo Kit
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee M12 FUEL 3497-22
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs M12 FUEL 12-Volt Lithium-Ion Brushless Cordless Hammer Drill and Impact Driver Combo Kit w/2 Batteries and Bag (2-Tool)
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee M18 Cordless 18V 4-Tool Kit 2695-24
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee 2696-26 - M18 18V 6-Tool Combo Kit
  • 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
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee 3697-25 M18 FUEL 5-tool Kit
  • Milwaukee 3697-22 M18 FUEL 18V Brushless Cordless 2-Tool Combo Kit – Hammer Drill & Impact Driver vs Milwaukee 2696-24

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Typical UsersProfessionals, DIY enthusiasts—
Impact driverM18 Fuel 2953, 2,000 in-lb, up to 4,400 IPM—
In the boxtwo 5.0Ah batteries, M12/M18 charger, hard case—
Brand—Milwaukee
Power type—Battery
Chuck type—Hex
Chuck size—1/2 in
Is variable speed—Y
Volts—18 Volts
Maximum speed—1800 rpm
Battery capacity—4 Amp Hours
Charger included—Y
Torque—725 in lb
Features—Lightweight
Electric motor type—Brushless
Accessories—Carrying Case, Side Handle, Belt Clips, Bit Hol…
Assembled product weight—4.6 lb
Minimum speed—500 rpm
Watts—800 Watts