This can be true when companies have a "focal" process where everyone is reviewed at the same time. If that's true at your company, your best bet is to shoot for an off-cycle raise (6 months out from that "focal" process) when there's a separate budget or possibly no fixed budget.

I wrote more about this here: https://fearlesssalarynegotiation.com/do-you-have-to-quit-yo...

Sometimes you have to quit. But it's worth pursuing an off-cycle raise and coordinating with your manager to see what's possible.