An apparatus for cutting and drilling stock wherein the cutting and drilling operations are performed simultaneously at a single station. A table having a planar surface is used for supporting the stock. A saw is disposed above the surface of the table, and a pair of drills, each having two drill bits, are disposed below the surface of the table. The saw is pivotally coupled to the table so that the saw may be moved toward the planar surface for cutting the stock. As the saw descends toward the table, a clamping mechanism is activated for fixing the stock in place on the table as it is being cut. As the stock is being cut, the drill bits extend through corresponding apertures in the planar surface for drilling the underside of the stock. After the stock is drilled, the drill bits retract and the clamping mechanism releases its grip on the stock.