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Tom Brady is in the top five. Big Ben is in the top 10. And Russell Wilson is creeping toward the first tier.
Our rating is a composite of three advanced stats: defense-adjusted yards (DYAR), total QB rating (QBR), and win probability added (WPA). Each stat accounts for one-third of the rating.
Here's where everyone stands going into Week 15.
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1. Peyton Manning, Denver Broncos (previously 1st)
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2. Philip Rivers, San Diego Chargers (previously 2nd)
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3. Drew Brees, New Orleans Saints (previously 3rd)
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4. Tom Brady, New England Patriots (previously 6th)
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5. Matt Stafford, Detroit Lions (previously 4th)
Team record: 7-6
DYAR: 5th
QBR: 15th
WPA: 6th
Thing to know: Turnovers are a big issue for him. He was fumbling all over the place against Philly in the snow.
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6. Russell Wilson, Seattle Seahawks (previously 7th)
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7. Matt Ryan, Atlanta Falcons (previously 5th)
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Team record: 3-10
DYAR: 4th
QBR: 9th
WPA: 15th
Thing to know: It looks like Atlanta is going to keep the same coaching staff together next year, with Ryan's blessing.
8. Nick Foles, Philadelphia Eagles (previously 8th)
Team record: 8-5
DYAR: 10th
QBR: 5th
WPA: 13th
Thing to know: He has officially won over Philly fans.
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9. Tony Romo, Dallas Cowboys (previously 9th)
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Team record: 7-6
DYAR: 7th
QBR: 14th
WPA: 11th
Thing to know: The Cowboys' latest collapse isn't his fault.
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10. Ben Roethlisberger, Pittsburgh Steelers (previously 12th)
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11. Andrew Luck, Indianapolis Colts (previously 13th)
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12. Cam Newton, Carolina Panthers (previously 10th)
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13. Colin Kaepernick, San Francisco 49ers (previously 14th)
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14. Andy Dalton, Cincinnati Bengals (previously 15th)
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15. Jay Cutler, Chicago Bears (previously unranked)
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16. Alex Smith, Kansas City Chiefs (previously 17th)
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Team record: 10-3
DYAR: 20th
QBR: 24th
WPA: 23rd
Thing to know: He sent all the Redskins fans home early.
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17. Matt Cassel, Minnesota Vikings (previously 22nd)
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18. Carson Palmer, Arizona Cardinals (previously 21st)
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19. Joe Flacco, Baltimore Ravens (previously 19th)
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20. Ryan Tannehill, Miami Dolphins (previously 18th)
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21. Matt McGloin, Oakland Raiders (previously 16th)
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22. Jason Campbell, Cleveland Browns (previously 29th)
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23. Ryan Fitzpatrick, Tennessee Titans (previously 20th)
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24. Mike Glennon, Tampa Bay Buccaneers (previously 23rd)
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25. Chad Henne, Jacksonville Jaguars (previously 28th)
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26. Case Keenum, Houston Texans (previously 26th)
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27. Kellen Clemens, St. Louis Rams (previously 27th)
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28. E.J. Manuel, Buffalo Bills (previously 24th)
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29. Eli Manning, New York Giants (previously 30th)
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30. Matt Flynn, Green Bay Packers (previously unranked)
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31. Geno Smith, New York Jets (previously 31st)
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UNRANKED: Kirk Cousins, Washington Redskins*
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Team record: 3-10
Thing to know: He's the awkward guy in the middle right now.
*Not enough data to create ranking.