Efficient dehydrogenation of cycloalkanes under mild conditions is the key to large-scale application of cycloalkanes as a hydrogen storage medium. In this paper, a series of active metals loaded on nitrogen-doped carbon (M/CN, M = Pt, Pd, Ir, Rh, Au, Ru, Ag, Ni, Cu) were prepared to learn the role of active metals in cycloalkane dehydrogenation with cyclohexane as the model reactant. Only Pt/CN, Pd/CN, Rh/CN and Ir/CN can catalyze the dehydrogenation of cyclohexane under the set conditions. Among them, Pt/CN exhibited the best catalytic activity with the TOF value of 269.32 h−1 at 180 °C, followed by Pd/CN, Rh/CN and Ir/CN successively. More importantly, the difference of catalytic activity between these active metals diminishes with the increase in temperature. This implies that there is a thermodynamic effect of cyclohexane dehydrogenation with the synthetic catalysts, which was evidenced by the study on the activation energy. In addition, the effects of molecular structure on cycloalkane dehydrogenation catalyzed by Pt/CN were studied. The results reveal that cycloalkane dehydrogenation activity and hydrogen production rate can be enhanced by optimizing the type, quantity and position of alkyl substituents on cyclohexane.