An outlet cutter for cutting an outlet opening in an eavestrough has a frame including a trough opening therein arranged to receive the eavestrough therethrough. A female die including a die opening is supported on the frame directly below the trough opening so as to be arranged to be located directly below an eavestrough received through the trough opening. A male die is supported on the frame so as to be movable relative to a female die between a disengaged position spaced above the female die and a punching position fully received within the die opening in the female die using a screw. The frame is self-supported on the eavestrough for sliding. The male die has four corner portions, each formed by two side cutting edges which are sloped downwardly and outwardly towards a respective apex, with two opposed apexes protruding beyond a remainder of the die.