A combination tool for measuring and cutting materials such as drywall is disclosed. The tool includes a mount formed by first and second housing portions, the first and second housing portions defining a path terminating at an opening at one end of the mount. A tape measure blade receiving slot opens into the mount adjacent to the path and is located and oriented so that the slot and the path are substantially coplanar. A knife blade shuttle is movable along the path and a saw blade is pivotably connected in the mount. An exterior surface of one of the housing portions includes a plurality of rasp teeth formed thereon for filing cut material.