The 1986-87 Four Hills Tournament took place at the four traditional venues of Oberstdorf, Garmisch-Partenkirchen, Innsbruck and Bischofshofen, located in Germany and Austria, between 30 December 1986 and 6 January 1987.
| Date | Place | Hill | Size | Winner | Second | Third | Ref. |
|---|---|---|---|---|---|---|---|
| 30 Dec 1986 |  Oberstdorf
|
Schattenbergschanze K-115 | LH |  Vegard Opaas
|
Thomas Klauser
|
 Andreas Felder
|
[1] |
| 1 Jan 1987 | Garmisch-Partenkirchen
|
Große Olympiaschanze K-107 | LH | Andreas Bauer
|
 Jukka Kalso
|
 Ulf Findeisen
|
[2] |
| 4 Jan 1987 | Innsbruck
|
Bergiselschanze K-109 | LH |  Primož Ulaga
|
Hroar Stjernen
|
 Jiří Parma
|
[3] |
| 6 Jan 1987 | Bischofshofen
|
Paul-Ausserleitner-Schanze K-111 | LH | Tuomo Ylipulli
|
Ernst Vettori
|
Vegard Opaas
|
[4] |
| Pos | Ski Jumper | Points |
|---|---|---|
| 1 | Ernst Vettori |
710.2 |
| 2 | Vegard Opaas |
703.3 |
| 3 | Ulf Findeisen |
702.4 |
| 4 | Miran Tepeš |
691.4 |
| 5 | Thomas Klauser |
684.6 |
| 6 | Andreas Bauer |
684.4 |
| 7 | Jens Weißflog |
681.7 |
| 8 | Primož Ulaga |
676.9 |
| 9 | Matjaž Debelak |
674.2 |
| 10 |  Gérard Balanche |
665.9 |
