Best Annular Cutters Under $100 (2026)

• 10 products compared from 2 brands • avg ItemOracle score 3.9/5

We ranked annular cutters under $100 by material (M2/HSS), shank type, depth of cut, compatibility with common drill setups, and calculated a value score from listing attributes

The Verdict

This roundup identifies value-driven annular cutters under $100 for workshop and job-site drilling, prioritizing durable HSS construction and compatibility with drill presses and magnetic drills. Picks were chosen by comparing material (M2/HSS), shank type, depth of cut options, and overall value score from available listings

Top Picks

  1. 1
    Evolution CC875 7/8- in x 1 in depth annular cutter

    Best Overall Evolution CC875 7/8- in x 1 in depth annular cutter

    EVOLUTION • ★ 4.0/5 • Mid-Range

    Workshop pick: reliable HSS cutter with 1" depth and 7/8" diameter for mild-steel drilling

    Annular cutter in M2AL high speed steel with 7/8 in diameter and 1 in depth of cut. 3/4 in Weldon shank with 2 flats fits most standard magnetic drill presses; includes free pilot pin. Customers note solid performance and value for money

    • 7/8 in diameter with 1 in depth of cut
    • M2AL high speed steel
    • Weldon shank with 2 flats and pilot pin included
    Check current price on Amazon →
  2. 2
    Evolution CC750 annular cutter, 3/4 in dia x 1 in depth

    Best Value Evolution CC750 annular cutter, 3/4 in dia x 1 in depth

    EVOLUTION • ★ 4.0/5 • Budget

    Versatile choice: 3/4" diameter HSS cutter with 1" depth and Weldon shank for secure holding

    3/4" diameter x 1" depth of cut annular cutter in M2AL high speed steel with Weldon shank and 2 flats. Includes free pilot pin. Customers report solid performance and good value for money

    • fits most standard magnetic drill presses
    • sharp cutting edge with strong performance
    • includes pilot pin for alignment
    Check current price on Amazon →
  3. 3
  4. 4
    Evolution CC750L annular cutter 3/4" Ø x 2" DOC

    Evolution CC750L annular cutter 3/4" Ø x 2" DOC

    EVOLUTION • ★ 3.9/5 • Mid-Range

    Long-reach pick: 3/4" diameter with 2" depth for thicker material or deeper holes

    Evolution CC750L high-speed steel annular cutter with 3/4" diameter and 2" depth of cut. Fits most standard magnetic drill presses via 3/4" Weldon shank with 2 flats. Includes free pilot pin. Customer notes strong cutting speed and solid value, with mixed durability reports

    • 3/4" diameter, 2" depth of cut
    • M2AL high speed steel
    • Weldon shank with 2 flats
    Buy at Amazon →
  5. 5
    Evolution annular cutter 27/64" dia x 1" depth of cut

    Evolution annular cutter 27/64" dia x 1" depth of cut

    EVOLUTION • ★ 3.9/5 • Budget

    Compact cutter: 27/64" HSS bit offering precise small-diameter holes with 1" cutting depth

    Annular cutter in M2AL high speed steel with 3/4" Weldon shank and 2 flats. Includes free pilot pin. Customers note solid performance and good value for money, with impressive cutting speed on mild steel

    • high speed steel alloy
    • standard Weldon shank
    • includes pilot pin
    Check current price on Amazon →
  6. 6
    Evolution 9/16 in. annular cutter with 2 in. depth of cut

    Evolution 9/16 in. annular cutter with 2 in. depth of cut

    EVOLUTION • ★ 3.9/5 • Budget

    Deep-cut option: 9/16" diameter with a 2" depth suited to thicker plate work

    EVOLUTION annular cutter in M2AL high speed steel with 3/4 in. Weldon shank and 2 flats. Includes a free pilot pin. Customers note strong cutting speed and solid value, with mixed durability feedback

    • high speed steel; durable material
    • precise depth of cut; 2 in
    • fits standard magnetic drill presses
    Check current price on Amazon →
  7. 7
    Evolution CC625L 5/8" dia x 2" depth annular cutter

    Evolution CC625L 5/8" dia x 2" depth annular cutter

    EVOLUTION • ★ 3.9/5 • Mid-Range

    Two-inch depth choice: 5/8" diameter HSS cutter built for deeper magnetic-drill applications

    Annular cutter made of M2AL high-speed steel with a 3/4" Weldon shank and two flats for standard magnetic drill presses. Includes a free pilot pin. Customer note: strong cutting performance and solid quality for the price

    • high-speed steel construction
    • standard Weldon shank
    • includes pilot pin
    Check current price on Amazon →
  8. 8
  9. 9
    Annular Cutter 7/8" OD x 1" depth for mag drill

    Annular Cutter 7/8" OD x 1" depth for mag drill

    S&F STEAD & FAST • ★ 3.9/5 • Budget

    Mag-drill compatible: 7/8" OD HSS cutter designed for magnetic drills and common drill setups

    Annular cutter made of M2AL HSS with 7/8" outside diameter and 1" cutting depth, designed for secure clamping on CNC/Weldon shank. Customers note precise cutting and overall quality, with mixed opinions on sharpness and durability

    • M2AL HSS durability
    • 1" cutting depth
    • Weldon shank for secure clamping
    Check current price on Amazon →
  10. 10
    Evolution annular cutter 17/32 in dia x 1 in depth of cut

    Evolution annular cutter 17/32 in dia x 1 in depth of cut

    EVOLUTION • ★ 3.9/5 • Mid-Range

    Standard option: 17/32" HSS cutter with 1" depth and Weldon shank for consistent press mounting

    Annular cutter built from M2AL high-speed steel with a 3/4" Weldon shank. Includes a free pilot pin. Users note solid cutting performance and good value for money

    • high-speed steel cutter
    • fits standard magnetic drill presses
    • includes pilot pin
    Check current price on Amazon →

Buying Guide

Match cutter diameter and depth

Choose a cutter that covers the hole diameter and depth you need — many options here offer 1" or 2" depths for through or thicker work

Check shank compatibility

Confirm the cutter has the correct Weldon or compatible shank for your drill press or mag drill to ensure a secure fit

Prefer M2/HSS for general steel work

High-speed steel (M2/HSS) cutters balance toughness and edge retention for mild and structural steels without needing carbide

Consider cutter length for chip evacuation

Longer depth-of-cut models require better chip clearance and coolant; shorter 1" cutters run cleaner in handheld or tight setups

Look for brand consistency

Choosing cutters from a single manufacturer can simplify shank and pilot pin compatibility across sizes