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Fluid systems, or networks, consist of multiple components that work together to achieve some desired thermofluid state. For any generic application, this fluid state can be a combination of the fluid pressure, flow rate, enthalpy, or species concentration. Fluid system components, such as pumps and valves, are often governed by nonlinear differential equations, resulting in complex component-to-component interactions. System-level fluid network stability occurs when the flow through the system can maintain a steady-state solution in the presence of small perturbations, which depends on these component interactions. System instability, however, can go undetected until issues arise during integrated system testing. This presentation explores a method for system designers to think of the fluid network as an assembly of components, each with their own thermofluid surfaces of partial stability, called nullclines. The intersections of all nullclines yields system-level solutions, called equilibrium points. When designers define operating points, they are tuning system parameters so that these equilibrium points move to the desired location in the thermofluid state plane. However, linearization theory shows us that the dynamic behavior around these points can be unstable. The local stability of these equilibrium points can be assessed analytically with eigen-analysis, or numerically by propagating state-plane samples to construct a phase portrait. Investigating a phase portrait can help designers gain a qualitative understanding of a system’s dynamic performance. This understanding can then help inform requirement definitions, component selection, and operational procedures. This presentation includes an example of the phase portrait technique on a system featuring a centrifugal pump and a back-pressure regulator (BPR). Numerical modeling of this system suggests that equilibrium points on the left-hand side of the pump curve are dynamically unstable.