macOS screenshots appeared to be PDF natively for the first few years, which made sense since their window compositor was operating what appeared to be a PDF canvas in-memory. They're still clearly using a PDF-like canvas, since there are certain windows that aren't included in screenshots — but what's underneath them is — which is not possible without a layered canvas somewhere. I think after the first decade they stopped offering .PDF screenshots and switched to .PNG now, and based on other replies alongside yours, it's likely they'll be replaced by HEIF soon, but it bodes well for improvements here that their screenshot engine has access to the original layers.

(This isn't just relevant to Apple users — imagine if Photoshop's PNG/HEIF encoder could export blurred segments with lower byte density than unblurred segments, for example. Folks generally are not used to thinking about fidelity-sensitive image encoding, and that's why this is so interesting to me.)