I've been running a comparative image benchmark site for years now (see my profile for the link), ever since SDXL back in 2023, and the answer really comes down to it depends. My benchmark focuses primarily on prompt adherence, but that's just one metric you can use. (fidelity, censorship, explorative, speed, features, etc are others)

In terms of overall state of the art, the two major contenders are probably Nano Banana Pro (Google) and the GPT Image 2 series (OpenAI).

For pure prompt adherency, OpenAI has consistently lead the pack since the original gpt-image-1 released back in March of 2025.... but its OpenAI's fidelity has always left something to be desired. Version 2 of the series has definitely closed the gap a bit.