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 | 710.2 | ||
| 2 | 703.3 | ||
| 3 | 702.4 | ||
| 4 | 691.4 | ||
| 5 | 684.6 | ||
| 6 | 684.4 | ||
| 7 | 681.7 | ||
| 8 | 676.9 | ||
| 9 | 674.2 | ||
| 10 | 665.9 |