Abstract: A torch tip rebuilding tool which can be held in one's hand and used to reface the seat located on one end of a used torch tip, and to reface the opposed outlet end of the tip. The tool has opposed cavities formed at each end which are aligned along the longitudinal axial centerline thereof. Within one of the cavities there is mounted a milling tool which receives the outlet end of the torch tip thereagainst so that relative rotation between the torch tip and the tool removes material from the outlet end. The other cavity has a plurality of blades pivotally captured therewithin in such a manner that the blades are radially spaced about the axial centerline of the tool with the cutting edges thereof disposed at an appropriate angle so that when the inlet end of a torch tip is placed within the cavity and relative rotation effected between the torch tip and the tool, material is simultaneously removed from both the seats located at the inlet end of the torch tip.