Wood–plastic composites (WPCs) are important materials used in interior architectural decorations and landscape construction products. Enhancing the cutting performance of WPCs is of great significance for improving both production efficiency and product quality in factories. This study aims to elucidate the impact of fluorine nano-coating technology on the cutting performance of cemented carbide tools during the milling of WPCs. The main results are given as follows. The cutting force and surface roughness showed similar trends with the varied parameters; both increased with increasing cutting depth and decreased with increasing cutting speed. The fluorine nano-coating technology exerts a positive influence on the cutting performance in terms of lower cutting forces and surface roughness. Meanwhile, based on the analysis of variance results, the experimental factors of cutting speed, depth, and surface treatment had a significant contribution to both cutting force and surface roughness, and cutting depth had the greatest impact on cutting force and surface roughness, followed by cutting speed and tool surface treatment. In general, the cutting performance of WPCs can be improved by higher cutting speed and lower depth, with the tool surface treated with fluorine nano-coating.