A cutter bit for a work tool on a machine includes a leading end, conical-shaped tip portion, a rearward, frustoconical-shaped tip portion extending axially rearwardly from the leading end, conical-shaped tip portion, an annular ledge extending radially outwardly from a trailing edge of the rearward, frustoconical-shaped tip portion, a frustoconical-shaped body portion extending axially rearwardly from an outer circumferential edge of the annular ledge, a cylindrical collar portion extending axially rearwardly from a trailing edge of the frustoconical-shaped body portion, and a trailing end, cylindrical-shaped shank portion extending axially rearwardly from the cylindrical collar portion. The cutter bit may also include a plurality of circumferentially-spaced ribs projecting radially outwardly from an outer peripheral surface of at least one of the leading end, conical-shaped tip portion, the rearward, frustoconical-shaped tip portion, or the frustoconical-shaped body portion.