I sold my launch day 2021 14" MBP (32GB / 1TB) about 4 months ago, and at the time, it was 94% / 166 cycles. I hadn't used it that much. And I was fairly intentional about little things like not leaving it plugged in while I wasn't using it, etc.
Having been through a few generations of MBPs and different "heartiness" and "hardiness" of their batteries... feels like the 2021+ MBP generation has fairly average batteries.
I see a lot of low 80s with 350-500 cycles, over 4-5 years. There were eras of Macs where you would regularly expect more. But also recently (like the 2016-2020 MBP generation), that were a fair bit worse. And brought its own set of issues.
Overall, 5 years into its existence, with an OLED/model refresh expected either later this year or early-2027, I think it's been pretty good.