How did Tenet's revenue and expenses trend in Q4 2024 compared to previous quarters?

Tenet's revenue and expenses in Q4 2024 showed a notable decline in cost of goods sold (COGS) compared to the previous quarter, while the total revenue remained relatively stable.

1. **Revenue Trend**: The total revenue for Q4 2024 was $5.07 billion. This was slightly lower than the previous quarter's revenue of $5.12 billion. However, it was significantly higher than the revenue in Q2 2024, which was $5.1 billion, and much higher than Q1 2024, which was $5.37 billion. This indicates a slight dip in revenue from the immediate previous quarter but overall growth compared to earlier quarters.

|code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code|
|---|---|---|---|---|---|---|
|THC|THC.N|Tenet|2023 Q4|7.7955911823647295|5.379E9|169|
|THC|THC.N|Tenet|2024 Q1|6.910973909579765|5.368E9|169|
|THC|THC.N|Tenet|2024 Q2|0.4132231404958678|5.103E9|169|
|THC|THC.N|Tenet|2024 Q3|1.1054086063955784|5.122E9|169|

2. **Cost of Goods Sold (COGS) Trend**: The COGS for Q4 2024 was $930 million. This was a decrease from the COGS of $928 million in Q3 2024. It was also lower than the COGS in Q2 2024, which was $908 million, and significantly lower than the COGS in Q1 2024, which was $881 million. This suggests a trend of decreasing costs, which could be indicative of improved operational efficiency or strategic cost management.

|code|Ticker|Name|Date|Cost of Goods Sold|Cost of Goods Sold YoY|market_code|
|---|---|---|---|---|---|---|
|THC|THC.N|Tenet|2023 Q4|9.31E8|8.255813953488373|169|
|THC|THC.N|Tenet|2024 Q1|9.28E8|4.1526374859708195|169|
|THC|THC.N|Tenet|2024 Q2|9.08E8|1.9079685746352413|169|
|THC|THC.N|Tenet|2024 Q3|8.81E8|0.45610034207525657|169|

In summary, Tenet experienced a slight dip in revenue from Q3 to Q4 but overall growth compared to earlier quarters. There was a notable decrease in COGS from Q1 to Q4, indicating improved operational efficiency or cost management.