有相当比例的企业实际上从未给出真正的自由现金回报——对其员工和客户来说，它们实质上是做慈善。

A surprising proportion of companies never really shows a genuine free cash return - they are essentially a charity for their staff and customers.

youdao

实质上的，实际上的：虽然没有实际的事实、形式或名义，但在实际上或效果上存在或产生的。

Existing or resulting in essence or effect though not in actual fact, form, or name.

youdao