That depends on what you mean, but here are a few reasonable explanations:
Intel’s chips are still on their Intel 7 process (similar to TSMC’s 7nm process), whereas AMD is using TSMC’s 4nm process, so AMD’s CPUs are 2 nodes ahead; smaller process generally means more transistors in the same area, as well as lower power usage per clock
AMD’s chiplet architecture makes it easier for them to move the CPU bits to a smaller arch, and the IO bits can stay on a cheaper arch (e.g. AMD uses 4nm for the cores, 6nm for the IO die); this increases yields and dramatically reduces costs, so AMD can invest more in architectural improvements
ARM prioritizes battery life over performance, so performance per watt won’t be great at the high end, but it’ll probably win at the low end; they also don’t make their own chips (just designs), so comparing process nodes is meaningless
AMD focuses on different aspects of computing than either Intel or ARM, so perhaps they’ve just done a better job optimizing for what you care about